Faisalabad: A crucial meeting of the Board of Directors of AN Textile Mills Limited is scheduled for September 26, 2024, at the company's registered office in Faisalabad. The agenda for this gathering includes the examination of the annual accounts for the fiscal year that concluded on June 30, 2024. The board will also consider the declaration of any entitlements and address additional matters with the approval of the chair.
The company has instituted a "Closed Period" starting from September 18, 2024, until the date of the meeting, as stipulated by Clause 5.6.1(d) of the Pakistan Stock Exchange (PSX) Regulations. During this period, no director, chief executive officer, or executive is permitted to buy or sell company shares, either directly or indirectly. This measure is intended to prevent any insider trading or conflicts of interest that could arise prior to the disclosure of the company’s financial details.
According to information available from the Pakistan Stock Exchange (PSX), this protocol ensures that all corporate actions are conducted in compliance with regulatory standards, safeguarding the interests of all stakeholders, particularly in periods leading up to significant financial disclosures.
This meeting is particularly significant as it may determine the future financial strategies of the company, including potential dividends or other shareholder entitlements based on the year's performance. Shareholders and potential investors are advised to monitor the outcomes of this meeting closely, as it could influence the company's financial health and stock market performance.