Karachi, A meeting is scheduled to take place on 2023-05-30 in Islamabad, where the Board of Directors of Saif Textile Mills Limited will convene to deliberate on matters concerning the proposed increase in the company's authorized share capital. The decision, however, is contingent upon the shareholders' approval.
To adhere to regulatory guidelines, the company has declared a "Closed Period" commencing on 2023-05-30 and concluding on the same day, 2023-05-30. During this period, it is prohibited for any Director, CEO, or Executive, whether directly or indirectly, to engage in any form of trading involving the shares of the company.
Please note that the details of the outcome from the Board meeting and any subsequent developments will be shared in due course, following the necessary approvals and compliance with legal obligations.