Rawalpindi: In a significant corporate update, Bannu Woollen Mills Ltd convened a board of directors meeting on July 09, 2024, at Gammon House, Peshawar Road, Rawalpindi. The primary focus of the discussion was the approval of the annual budget for the financial year ending June 30, 2025. The budget, still under development, has not been finalized and is expected to be presented at the next board meeting.
According to information available from the Pakistan Stock Exchange (PSX), the meeting did not result in any material or price-sensitive disclosures that would impact the market price of the company's shares or require an immediate public announcement.
The company has advised Certificate Holders of the Exchange of these developments, indicating a forthcoming detailed presentation on the budget in the near future. This careful approach ensures that all financial planning aligns with corporate objectives before final approval.