Karachi: A meeting of the Board of Directors of Shahtaj Textile Limited is scheduled to be held in April 2025 in Karachi. The meeting will focus on considering and approving the company's unaudited financial statements for the nine-month period ending on March 31, 2025. The announcement was made public to inform stakeholders and potential investors.

The company has declared a closed period in line with regulatory requirements. The closed period will commence on April 22, 2025, and conclude on April 29, 2025. During this period, directors, the chief executive officer, and executives of Shahtaj Textile Limited are prohibited from directly or indirectly dealing in the company's shares. This measure is in compliance with Clause 5.6.1(d) of the Pakistan Stock Exchange (PSX) Regulations, ensuring that no insider trading occurs during the sensitive time surrounding the financial disclosure.

According to information available from the Pakistan Stock Exchange (PSX), the closed period policy is a standard procedure for listed companies to prevent any potential misuse of unpublished price-sensitive information. The closed period is a mandatory regulation aimed at maintaining market integrity and protecting investor interests.

Shahtaj Textile Limited falls under the designated market category of textile manufacturing. The company has consistently adhered to compliance and regulatory standards, which is critical for maintaining transparency and trust with its investors. The forthcoming board meeting and financial statement review are expected to provide insights into the company's financial health and operational performance over the recent quarters.