Lahore: Gulistan Spinning Mills Ltd. has announced that its Board of Directors is set to convene on Wednesday, October 29, 2025, to examine the company's financial performance for the first quarter ending September 30, 2025. The meeting will take place at 12:45 P.M. at the company's office located on the second floor of Garden Heights, 8-Aibak Block, New Garden Town, Lahore.
In compliance with the Code of Corporate Governance, Gulistan Spinning Mills Ltd. has declared a "Closed Period" from October 22, 2025, to October 29, 2025. During this time frame, no director, CEO, or executive affiliated with the company is permitted to engage in any transactions involving the company's shares. This directive aligns with Clause (xxiii) of the Code as stipulated by Listing Regulation No. 35, ensuring that any potential conflicts of interest are avoided during the sensitive period leading up to the financial review.
This announcement comes as part of the company's adherence to corporate governance practices and maintaining transparency with stakeholders. According to information available from the Pakistan Stock Exchange (PSX), such measures are typical for companies listed on the exchange, providing a structured approach to financial disclosures and insider trading regulations.
Stakeholders and members of the exchange have been duly informed of these developments, underscoring the company's commitment to regulatory compliance and maintaining shareholder trust.