Karachi: Ali Asgar Textile Mills Limited has scheduled a Board of Directors meeting for September 30, 2024, at its headquarters in Karachi to review the company's annual accounts for the fiscal year ending June 30, 2024.

The company has instituted a "Closed Period" starting from September 23, 2024, through September 30, 2024, as mandated under Clause 5.6.1(d) of the Pakistan Stock Exchange (PSX) Regulations. During this period, directors, the CEO, and other executives are prohibited from buying or selling company shares.

According to information available from the Pakistan Stock Exchange (PSX), the enforcement of the closed period is a standard practice aimed at preventing insider trading and ensuring that all TRE Certificate Holders and investors are provided with fair access to information.

The outcomes of the upcoming board meeting are eagerly anticipated by investors as the annual accounts often provide a comprehensive overview of the company’s financial health and future outlook.