Karachi: Quetta Textile Mills Limited has announced that its Board of Directors will convene on October 04, 2024, to review the annual financial statement for the fiscal year ended June 30, 2024. The primary agenda is to consider any potential declarations related to shareholder entitlements.

This critical meeting, set to take place in Karachi, will involve thorough discussions on the financial outcomes of the preceding year and decisions on subsequent distributions to shareholders. The company has adhered to the Pakistan Stock Exchange regulations by initiating a closed period starting September 27, 2024, which will last until the day of the meeting. During this time, no director, chief executive officer, or executive will engage in trading the company’s shares.

According to information available from the Pakistan Stock Exchange (PSX), this mandatory closed period is in compliance with clause No 5.6.1(d) of the PSX Regulations, ensuring that all trading by insiders is halted during this sensitive period to prevent any misuse of unpublished financial data.

The stakeholders, especially TRG certificate holders, have been advised of the meeting details and the implications of the closed period. This governance measure underscores the company's commitment to transparency and fair dealing in accordance with market regulations.