Faisalabad: The National Silk and Rayon Mills Limited has scheduled a board meeting for October 4, 2024, to review the annual accounts for the fiscal period ended June 2024 and to discuss potential entitlement declarations.

According to information available from the Pakistan Stock Exchange (PSX), this meeting is critical as it aligns with the end of the company’s financial year, and decisions made could influence future dividend distributions or other shareholder benefits. The meeting will take place in Faisalabad, where the board will deliberate on the financial outcomes and strategic directions for the upcoming fiscal year.

In adherence to PSX Regulation 5.6.1(d), the company has also declared a Closed Period from September 28 to October 4, 2024. During this time, directors, the CEO, and executives are prohibited from trading company shares, a standard practice to prevent insider trading ahead of potential market-sensitive disclosures.

The TRE Certificate Holders of the Exchange have been notified of these developments, ensuring all regulatory guidelines and transparency requirements are met ahead of this significant corporate governance event.