Karachi: Dewan Textile Mills Limited has scheduled a Board of Directors meeting for October 28, 2024, in Karachi, Pakistan. The meeting will address the First Quarter financial results for the period ending September 30, 2024.

In preparation for this quarterly financial disclosure, the company has initiated a "Closed Period" from October 21 to October 28, 2024, as mandated by Clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange. During this time, no director, CEO, or executive is permitted to trade shares of the company either directly or indirectly. This precaution ensures that all personnel comply with the necessary regulations to prevent any insider trading or conflicts of interest ahead of the public release of financial data.

According to information available from the Pakistan Stock Exchange (PSX), this standard procedure is aimed at maintaining transparency and fairness in the dealings of shares associated with listed companies during sensitive periods.

Dewan Textile Mills Limited, a member of the Yousuf Dewan Companies group, operates out of its registered office in Karachi. The upcoming board meeting is expected to provide shareholders and potential investors with a detailed view of the company’s financial health following the recent quarter.