Rawalpindi: Bannu Woollen Mills Ltd. has scheduled a board meeting for September 20, 2024, in Rawalpindi, to review and approve the company’s audited financial statements for the fiscal year that ended on June 30, 2024. The meeting will also consider the potential declaration of any entitlements for shareholders.
The board of directors will convene to deliberate on the financial outcomes of the previous year, assessing the company’s fiscal health and operational success. Additionally, the possibility of declaring dividends or other entitlements will be a significant agenda item, reflecting the company's performance and strategic financial decisions.
According to information available from the Pakistan Stock Exchange (PSX), Bannu Woollen Mills Ltd. has also declared a “Closed Period” from September 13 to September 20, 2024. During this time, directors, the CEO, and executives are prohibited from buying or selling company shares. This measure ensures compliance with PSX regulations, aiming to maintain market integrity and prevent insider trading during a sensitive financial period.
Stakeholders, including certificate holders of the Exchange, have been duly informed about the meeting and the closed period. This governance practice underscores the company’s commitment to transparency and regulatory compliance ahead of significant corporate disclosures.