Lahore: Paramount Spinning Mills Ltd has announced that its Board of Directors will convene on October 6, 2026, to deliberate on the company's annual audited accounts for the fiscal year ending June 30, 2026. The meeting is set to take place at 12:45 P.M., located on the second floor of Garden Heights in New Garden Town, Lahore.

In compliance with the Code of Corporate Governance, a "Closed Period" has been declared from September 29, 2026, to October 6, 2026. During this timeframe, no Director, CEO, or Executive of Paramount Spinning Mills Ltd will be permitted to engage in dealings of the company's shares, either directly or indirectly. This measure is aligned with Clause (xxiii) of the Listing Regulation No. 35 as stipulated by the exchange.

According to information available from the Pakistan Stock Exchange (PSX), shareholders and stakeholders have been duly informed of the board meeting and the implementation of the Closed Period. This announcement ensures transparency and adheres to corporate governance mandates, safeguarding the integrity of the financial review process.

The meeting will provide an opportunity for the board to assess the company's financial performance over the past fiscal year and make informed decisions that align with Paramount Spinning Mills Ltd's strategic objectives. The outcomes of this meeting are anticipated to impact the company's market position and stakeholder interests.