Lahore: Paramount Spinning Mills Limited has announced a forthcoming meeting of its Board of Directors, which is set to take place on June 26, 2025, in Lahore. The primary agenda for this meeting is to establish the number of directors who will be elected in the company's upcoming general meeting. This general meeting is scheduled for July 18, 2025.

In accordance with Clause (xxiii) of the Code of Corporate Governance under Listing Regulation No. 35 of the Exchange, the company has declared a "Closed Period" starting from June 19, 2025, and concluding on June 26, 2025. During this period, any form of transactions involving the company's shares by the Directors, CEO, or Executives is prohibited, both directly and indirectly.

According to information available from the Pakistan Stock Exchange (PSX), the closed period aligns with standard governance practices aimed at preventing insider trading and ensuring transparency within the company's operations.

Members of the Exchange have been informed of these developments, maintaining compliance with regulatory requirements and ensuring that all stakeholders are kept up-to-date with the company's decision-making processes. Paramount Spinning Mills Limited operates within the Manufacturing sector, maintaining adherence to governance codes and industry standards.