Karachi: Shahzad Textile Mills Limited has scheduled a board meeting on October 25, 2024, to review the quarterly accounts for the period ending September 30, 2024, according to a notification sent to the Pakistan Stock Exchange (PSX). The meeting, crucial for any potential declarations related to shareholder entitlements, will be held at the company's registered office in Lahore.

The company has declared a “Closed Period” from October 18 to October 25, 2024, during which there will be restrictions on insider trading. According to information available from the Pakistan Stock Exchange (PSX), the prohibition affects all directors, chief executives, and executives, who are barred from trading company shares during this time. The intent is to prevent any misuse of insider information that could affect the market.

Shahzad Textile has advised TRE Certificate Holders of the upcoming closed period, aligning with Clause 5.6.4 of the PSX Rule Book. This regulatory compliance underscores the company's commitment to maintaining transparency and fairness in its operations.

The Securities and Exchange Commission of Pakistan's Islamabad office, along with the company’s Director and Head of Department, have been notified of the scheduled board meeting and the specifics of the closed period.