Lahore: Paramount Spinning Mills Ltd has announced that its Board of Directors will convene on Thursday, October 29, 2026, at 4:15 PM at the company's office located on the second floor of Garden Heights, 8-Aibak Block, New Garden Town, Lahore. The meeting aims to deliberate on the company's financial statements for the first quarter ending September 30, 2026, and to address issues concerning the transfer of shares held by the National Investment Trust (NIT), a major shareholder in the company.

In compliance with regulatory requirements, Paramount Spinning Mills Ltd has declared a "Closed Period" from October 22, 2026, to October 29, 2026. During this period, as stipulated under Clause (xxiii) of the Code of Corporate Governance in Listing Regulation No. 35 of the Exchange, no directors, CEO, or executives of the company are permitted to engage in any direct or indirect transactions involving the company’s shares.

The upcoming board meeting and the corresponding closed period are standard practices within the textile manufacturing market, ensuring transparency and compliance with corporate governance standards. According to information available from the Pakistan Stock Exchange (PSX), such procedures are pivotal to maintaining investor confidence and integrity in the market.