Faisalabad: A key meeting of the Board of Directors of J.K. Spinning Mills Ltd. will convene on September 11, 2024, to deliberate on the Annual Audited Financial Statements for the fiscal year ending June 30, 2024.
The agenda for the forthcoming board meeting is to scrutinize the financial outcomes of the year, which plays a crucial role in guiding future business decisions and providing stakeholders with insights into the company's fiscal health. According to information available from the Pakistan Stock Exchange (PSX), this meeting is a statutory requirement and is pivotal in maintaining transparent financial practices.
In compliance with the PSX Regulations, specifically Clause 5.6.4, the company has announced a “Closed Period” from September 4, 2024, to September 11, 2024. During this period, no director, chief executive officer, or other executives are permitted to buy or sell company shares, directly or indirectly. This precaution ensures that all personnel are restricted from engaging in share transactions based on potentially undisclosed financial results.
The TRE Certificate Holders of the Exchange have been duly informed about these developments to ensure compliance and uphold the integrity of the trading process.
The outcomes of this meeting are awaited by shareholders and investors alike, who are keen on understanding the financial direction and performance of J.K. Spinning Mills Ltd. over the past fiscal year.