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Faisalabad: The Crescent Textile Mills Limited has scheduled a Board of Directors meeting for July 23, 2024, to address the resignation of Director Mr. Imran Maqbool and to fill the resulting casual vacancy.
The meeting agenda will cover the approval of Mr. Maqbool’s resignation and the consideration of candidates to fill the vacancy, along with other related business matters. According to information available from the Pakistan Stock Exchange (PSX), the company has also announced a ‘Closed Period’ from July 22, 2024, to July 23, 2024. During this time, no Director, Chief Executive Officer, or Executive is permitted to deal directly or indirectly in the company’s shares.
This governance measure adheres to Clause 5.6.4 of the PSX Regulations, aiming to prevent any insider trading during critical decision-making periods. Certificate Holders of the Exchange have been informed as required.