Karachi: Faisal Spinning Mills Limited has announced that its Board of Directors will convene on October 29, 2024, at Karachi to review the quarterly accounts for the period ending September 30, 2024. The board is expected to declare any entitlements following the review of these financial results.

The notification specifies that the company will enter a closed period from October 22 to October 29, 2024, in compliance with PSX Regulation 5.6.1(d). During this period, directors, the CEO, or any executive are prohibited from trading company shares. According to information available from the Pakistan Stock Exchange (PSX), this measure is designed to prevent insider trading and ensure transparency in the dealings of the company's shares.

Stakeholders, particularly TRE Certificate Holders of the exchange, have been advised of these developments to ensure all parties are aware of the restrictions and the scheduled board meeting.