Lahore: Reliance Cotton Spinning Mills Limited (RCSML) has announced a crucial board meeting scheduled for April 2, 2026, in Lahore. The meeting, which is set to commence at 11:00 a.m., will focus on corporate actions linked to the proposed merger with Sapphire Fibres Limited (SFL). This merger scheme has already received the approval of the Honorable High Court of Sindh at Karachi.

In anticipation of the board meeting, RCSML has declared a “Closed Period” effective from March 27, 2026, through April 2, 2026, inclusive of both dates. During this time, as per the relevant Clause of the Rule Book of Pakistan Stock Exchange Limited, directors, the CEO, and executives are prohibited from directly or indirectly dealing in the company’s shares. This measure is designed to maintain market integrity and prevent any conflicts of interest during the sensitive period leading up to the board’s decision on the merger.

The merger between RCSML and SFL marks a significant development in the textile sector, classified under the designated market category. According to information available from the Pakistan Stock Exchange (PSX), this strategic move is expected to consolidate operations and enhance the competitive positioning of the merged entity in the market.

The decision to inform the TREC Holders of the Exchange reflects the company’s commitment to transparency and adherence to regulatory requirements. As the date of the board meeting approaches, stakeholders and market participants are keenly watching for further updates on this notable merger plan.