Multan: Maqbool Textile Mills Ltd has announced that its Board of Directors will convene on April 30, 2025, at the company's registered office in Multan. The primary agenda of the meeting is to consider and approve the un-audited financial statements for the third quarter and nine-month period that ended on March 31, 2025.
In compliance with Clause 5.19.15 of the Code of Corporate Governance, Maqbool Textile Mills Ltd has instituted a closed period from April 24, 2025, to April 30, 2025, inclusive of both dates. During this period, directors, the CEO, and executives of the company are prohibited from dealing in the company's shares, either directly or indirectly.
The company's decision to hold a closed period aligns with regulations outlined in the Rule Book of the Pakistan Stock Exchange Limited. According to information available from the Pakistan Stock Exchange (PSX), the closed period is a standard regulatory measure designed to prevent insider trading and ensure fairness in the market.
Members of the exchange have been duly informed of the meeting and the corresponding closed period. The financial performance for the third quarter and the nine-month period will provide insights into the company's operations and financial health, impacting stakeholders and investors within the designated market category.