Faisalabad: The National Silk and Rayon Mills Limited has announced a scheduled meeting of its Board of Directors on February 28, 2025, at 10:00 AM in Faisalabad. The purpose of the meeting is to review the Half Yearly Accounts for the period ending December 31, 2024, and to consider any potential declarations of entitlement.
In compliance with the Pakistan Stock Exchange (PSX) regulations, the company has instituted a Closed Period starting from February 21, 2025, and concluding on February 28, 2025. During this period, no director, CEO, or executive of the company is permitted to engage in transactions involving the company's shares, whether directly or indirectly.
According to information available from the Pakistan Stock Exchange (PSX), this restriction is in line with regulation 5.6.1(d), which aims to prevent insider trading and maintain market integrity during critical financial evaluations.
The National Silk and Rayon Mills Limited has communicated this information to the TRE Certificate Holders of the Exchange to ensure transparency and adherence to the regulatory framework. The outcomes of the meeting, including any decisions on entitlements, will be closely monitored by market participants in the designated textile sector.