Karachi: Dewan Textile Mills Limited has announced a Board of Directors meeting scheduled for October 1, 2024, to review the company’s annual financial statements for the fiscal year ending June 30, 2024. The meeting will take place in Karachi, Pakistan, and aims to finalize and approve the financial results of the year.

The company has also initiated a "Closed Period" starting from September 24, 2024, until the day of the meeting, in compliance with Clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange. During this period, directors, the CEO, and executives are prohibited from dealing in the company’s shares directly or indirectly.

According to information available from the Pakistan Stock Exchange (PSX), this measure is a standard regulatory requirement intended to prevent insider trading and maintain market integrity during sensitive financial disclosures. The impending board meeting is critical as it will determine the company’s financial health and strategic direction for the coming fiscal year.

Stakeholders, including shareholders and members of the exchanges, are advised of the Closed Period to ensure transparency and compliance with exchange regulations. The outcomes of the board meeting, particularly the approval of the financial statements, are awaited with interest by investors and market watchers.