Lahore: A scheduled meeting of the Board of Directors for Gulistan Textile Mills Limited will take place on Saturday, October 5, 2024, at 3:45 P.M. The meeting will be held on the 2nd floor of Garden Heights in the 8-Aibak Block, New Garden Town, Lahore, to review the company’s audited annual accounts for the fiscal year ending June 30, 2024.
The meeting aims to discuss and potentially approve the financial statements from the past year. During this period, a "Closed Period" from September 28, 2024, to October 5, 2024, has been declared, prohibiting directors, the CEO, and executive management from trading the company’s shares. This measure complies with Clause (xxiii) of the Corporate Governance Code as mandated by Listing Regulation No. 35 of the Exchange. According to information available from the Pakistan Stock Exchange (PSX), this is a routine practice to prevent any conflict of interest and ensure transparency during the audit review process.
Stakeholders of Gulistan Textile Mills and members of the PSX are advised to refrain from dealing in the company's shares during the closed window. The company has issued a notice to the Exchange members to ensure compliance with the governance code.