Karachi: Al Abid Silk Mills Limited has announced that a meeting of its Board of Directors is scheduled to take place on Monday, September 29, 2025. The meeting will commence at 1:30 PM at the company's registered office located at A-34/A, S.I.T.E., Manghopir Road, Karachi. The primary agenda for this meeting is to consider and approve the Annual Audited Accounts for the fiscal year that concluded on June 30, 2025.

In compliance with clause 5.6.1 of the Pakistan Stock Exchange (PSX) regulations, Al Abid Silk Mills Limited has declared a closed period from September 22, 2025, to September 29, 2025. During this period, no Director, CEO, or Executive of the company is permitted to directly or indirectly engage in trading the company's shares. This measure ensures adherence to regulatory standards and maintains the integrity of the decision-making process.

According to information available from the Pakistan Stock Exchange (PSX), the declaration of a closed period is a routine procedure for companies preparing to disclose significant financial information. This regulatory requirement aims to prevent insider trading and ensure that all stakeholders have equal access to material data once it is publicly released.

The company has communicated these developments to the members of the Exchange, reinforcing its commitment to regulatory compliance and transparency within the designated market category.