Karachi: Gul Ahmed Textile Mills Ltd. has announced that a Board of Directors meeting is scheduled for Monday, February 24, 2025, at 3:30 p.m. in Karachi. The primary agenda for this meeting is to review and consider the company”s accounts for the half-year ending on December 31, 2024.

In compliance with the regulations set forth in Clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange Limited, the company has declared a “Closed Period” starting from February 17, 2025, and ending on February 25, 2025. During this period, no Director, CEO, or Executive of Gul Ahmed Textile Mills Ltd. is allowed to deal in the company”s shares, either directly or indirectly. This measure is intended to uphold transparency and prevent insider trading before the financial results are disclosed.

According to information available from the Pakistan Stock Exchange (PSX), the declaration of a closed period is a standard practice for companies listed on the exchange, ensuring that all trading activities are conducted in a fair and equitable manner. This practice is particularly significant for maintaining investor confidence and ensuring the integrity of the market.

Gul Ahmed Textile Mills Ltd., a prominent name in the textile sector, is listed under the designated market category of the Pakistan Stock Exchange. The company”s upcoming financial review is keenly awaited by investors and stakeholders, as it is expected to provide insights into the company”s performance and future outlook. The results will be announced following the board meeting, and investors will be informed accordingly.

The company has also communicated the details of the closed period to the certificate holders of the exchange, ensuring that all parties are adequately informed and compliant with the PSX regulations.