Karachi: Gadoon Textile Mills Limited has scheduled a board meeting on June 14, 2025, to discuss and approve the budget for the financial year ending June 30, 2026. The meeting will take place at the company's Karachi office.
In compliance with regulatory requirements, Gadoon Textile Mills Limited has declared a "Closed Period" from June 6, 2025, to June 14, 2025, inclusive. During this period, directors, the CEO, and executives of the company are prohibited from dealing in the company's shares, either directly or indirectly, as per Clause 5.6.4 of the Rule Book of the Exchange.
According to information available from the Pakistan Stock Exchange (PSX), the announcement of the closed period is a procedural step to ensure transparency and prevent insider trading ahead of the board meeting. The company has duly informed the TRE Certificate Holders of the Exchange about the closed period.
This scheduled meeting and the accompanying closed period are standard practices in the corporate governance of publicly listed companies, ensuring that all stakeholders operate on a level playing field with access to the same information.