Karachi: Tata Textile Mills Limited has announced that it will hold a meeting of its Board of Directors on Monday, February 24, 2025, at 10:30 AM. The meeting is set to take place at the company”s Registered Office, located on the 6th Floor of Textile Plaza on M.A. Jinnah Road in Karachi. The primary agenda of the meeting is to consider the financial statements for the six months ending December 31, 2024.
In compliance with regulatory requirements, Tata Textile Mills Limited has declared a Closed Period starting from February 17, 2025, and concluding on the day of the meeting, February 24, 2025. This measure is in accordance with Clause 5.6.1 of the Pakistan Stock Exchange (PSX) Regulations. During this period, no Director, CEO, or Executive of the company is permitted to deal in the company”s shares, whether directly or indirectly.
According to information available from the Pakistan Stock Exchange (PSX), the Closed Period is a standard practice to prevent any insider trading and ensure transparency ahead of key financial disclosures and decisions.
The company has also notified the TRE Certificate Holders of the Exchange regarding the impending meeting and the Closed Period. Tata Textile Mills Limited operates in the textile sector, a significant component of Pakistan”s designated market category, contributing to both the domestic and export markets.