Karachi, A meeting of the Board of Directors of Kohat Textile Mills Limited is scheduled to take place in Islamabad on May 30, 2023. The primary agenda of the meeting revolves around deliberating the increase in the authorized share capital of the company and other related matters. However, the approval of the shareholders is necessary before any final decisions can be made.
In light of this significant development, the company has announced a "Closed Period" commencing from May 30, 2023, and ending on the same day. During this period, directors, CEOs, and executives associated with Kohat Textile Mills Limited are strictly prohibited from engaging in any form of share dealings, either directly or indirectly.
This precautionary measure ensures that no insider trading or unfair advantage is gained by individuals within the company who possess non-public information about the potential increase in authorized share capital. By enforcing the Closed Period, Kohat Textile Mills Limited aims to maintain transparency, uphold ethical practices, and safeguard the interests of its shareholders.