Karachi: Idrees Textile Mills has scheduled a meeting of its Board of Directors on November 4, 2024, in Karachi to review the annual accounts for the fiscal period ending June 30, 2024, and to consider any potential entitlements. In compliance with PSX regulations, the company has declared a closed period from September 20, 2024, to November 4, 2024, during which no director, CEO, or executive is permitted to trade the company’s shares, either directly or indirectly.

According to information available from the Pakistan Stock Exchange (PSX), the closed period is mandated by regulation 5.6.1(d) to prevent insider trading and ensure transparency in financial disclosures. The company has communicated this information to the TRE Certificate Holders of the Exchange.

The upcoming board meeting is a routine procedure for Idrees Textile Mills, as it aligns with its commitment to financial governance and adherence to regulatory requirements. The company has consistently followed protocols to maintain shareholder trust and market integrity.