Karachi: Faisal Spinning Mills Limited has announced a board meeting on September 30, 2024, to discuss the Annual Accounts for the fiscal year ending June 30, 2024. The meeting, set in Karachi, will consider any potential entitlements to be declared based on the financial outcomes.

The Board of Directors will adhere to the Closed Period from September 20 to September 30, 2024, in compliance with the Pakistan Stock Exchange (PSX) Regulation 5.6.1(d). During this time, no director, CEO, or executive is permitted to trade the company’s shares either directly or indirectly.

According to information available from the Pakistan Stock Exchange (PSX), this Closed Period is a critical precaution to prevent any insider trading or conflicts of interest that could affect the integrity of the financial market and shareholder interests.

Furthermore, TRE Certificate Holders have been notified about the restrictions during the Closed Period, ensuring that all market participants are informed and compliance is maintained across board.