Lahore: Saritow Spinning Mills Limited has announced that its Board of Directors will convene a meeting on April 28, 2025, in Lahore. The purpose of the meeting is to review and consider the un-audited quarterly accounts for the third quarter, which ended on March 31, 2025.
In compliance with regulatory requirements, the company has declared a "Closed Period" from April 22, 2025, to April 28, 2025, inclusive of both dates. During this period, no directors, the Chief Executive Officer, or executives are permitted to engage in any dealings with the company's shares, either directly or indirectly. This measure aligns with section 5.6.1(d) of the Pakistan Stock Exchange (PSX) regulations, which mandates such restrictions to ensure transparency and prevent insider trading.
According to information available from the Pakistan Stock Exchange (PSX), stakeholders and TRE Certificate Holders of the exchange have been duly informed about the closed period and the upcoming board meeting. The meeting will focus on evaluating the company's financial performance for the specified quarter.
Saritow Spinning Mills Limited operates within the textile sector, a significant component of the market. The outcome of this board meeting is anticipated by investors and stakeholders who are keen to understand the financial health and operational performance of the company for the third quarter of the fiscal year.