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Lahore, Dar-es-Salaam Textile Mills Limited has scheduled a meeting of its Board of Directors for September 8, 2023, in Lahore. The primary agenda of this meeting is to review the company’s Annual Accounts for the period ending June 30, 2023, with the potential declaration of any entitlement.
In compliance with regulatory requirements, the company has declared a “Closed Period” from September 1, 2023, to September 7, 2023, in accordance with Clause 5.6.1(d) of the PSX Regulations. During this closed period, no Director, CEO, or Executive is permitted to engage in any direct or indirect trading activities involving the shares of Dar-es-Salaam Textile Mills Limited.
The closed period is an important regulatory measure aimed at ensuring fairness and transparency in the financial reporting process. It prevents any potential conflicts of interest and insider trading activities that could compromise the integrity of the company’s financial disclosures.
Dar-es-Salaam Textile Mills Limited remains committed to adhering to regulatory guidelines and providing accurate and timely financial information to its stakeholders. Shareholders and interested parties are advised to monitor the company’s announcements and await the outcomes of the upcoming Board meeting, where decisions regarding entitlements will be considered.
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