Apollo Textile Mills Limited Board Meeting Scheduled to Discuss Financial Results for the Year Ended June 30, 2022

Karachi, Apollo Textile Mills Limited revealed that a crucial meeting of the Board of Directors is set to take place on June 15, 2023, in Karachi. The primary agenda for the meeting will be the review and analysis of the Quarter/Annual Accounts for the period ending June 30, 2022. Additionally, the board will also discuss the declaration of entitlement, if applicable.

To ensure transparency and fairness, the company has established a “Closed Period” that will be in effect from June 09, 2023, to June 15, 2023. During this period, which includes both of the aforementioned dates, all Directors, the CEO, and executives are strictly prohibited from engaging in any transactions related to the company’s shares, whether directly or indirectly.

The decision to implement the Closed Period reflects Apollo Textile Mills Limited’s commitment to maintaining a level playing field for all stakeholders. By temporarily restricting the trading activities of key individuals, the company aims to prevent any potential conflicts of interest and protect the integrity of the forthcoming board meeting.

The upcoming meeting holds significant importance for the company and its shareholders as the financial results for the year ending June 30, 2022, will be discussed. This session will provide an opportunity for the Board of Directors to evaluate the company’s performance, assess the achievements and challenges faced during the specified period, and make informed decisions moving forward.