Lahore: In an upcoming assembly, the Board of Directors of Ghazi Fabrics International Limited will gather on September 27, 2024, at Lahore to scrutinize and potentially declare entitlements based on the Annual Accounts for the period ending June 2024. The company has implemented a Closed Period starting today, September 20, through September 27, in adherence with PSX Regulations 5.6.1(d).

The announcement emphasizes the strict prohibition against any dealings in company shares by Directors, the CEO, or Executives during this period, underscoring compliance with regulatory requirements. The necessity for this measure aligns with corporate governance standards that seek to prevent insider trading and maintain market fairness.

According to information available from the Pakistan Stock Exchange (PSX), Ghazi Fabrics has consistently applied such closed periods during similar events in previous years, demonstrating their commitment to transparency and regulatory compliance. This protocol assists in safeguarding shareholder interests and upholding integrity within the financial markets.

Stakeholders, including TRE Certificate Holders, have been duly notified, ensuring that all parties involved are informed of the restrictions and the schedule of the board meeting. This proactive communication reflects the company’s dedication to good corporate practices and shareholder engagement.

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