Faisalabad: The Board of Directors of Masood Textile Mills Limited is scheduled to meet on October 5, 2024, at the company's registered office in Faisalabad to review the annual accounts for the fiscal year that concluded on June 30, 2024. The board will consider any entitlements to be declared based on the financial results of the period.
According to information available from the Pakistan Stock Exchange (PSX), the company has also announced a "Closed Period" from September 28 to October 5, 2024. During this time, in compliance with Clause 5.6.4 of the PSX Regulations, no director, chief executive officer, or executive is permitted to buy or sell company shares, either directly or indirectly.
The scheduled board meeting aims to finalize and approve the financial outcomes for the past year, which could include decisions on dividends or other entitlements for shareholders. The outcomes of this meeting are eagerly anticipated by stakeholders who are keen to understand the financial health and future direction of the company.