Faisalabad: Ideal Spinning Mills Ltd. has announced a board meeting to be held at Faisalabad, on October 30, 2024. The agenda includes the review of the unaudited financial statements for the quarter ending September 30, 2024, and discussions on potential entitlement declarations.

The company has notified stakeholders that a "closed period" will be in effect from October 23 to October 30, 2024, as stipulated by clause 5.6.1(d) of the PSX Regulations. During this time, directors and executive officers are prohibited from trading company shares, either directly or indirectly. According to information available from the Pakistan Stock Exchange (PSX), this measure is standard practice to prevent insider trading ahead of significant announcements.

Stakeholders, including TRE Certificate Holders, are advised to adjust their trading activities accordingly and await further announcements following the board's review of the financial performance.