Gulshan Spinning Mills Announces Board Meeting to Review Quarterly Financials

Karachi: Gulshan Spinning Mills Limited has scheduled a board meeting to examine the company’s financial statements for the quarter ending on September 30, 2024. The meeting is set for October 29, 2024, at Lahore.

This significant board gathering aims to review the financial outcomes of the first quarter of the fiscal year, as detailed in the correspondence dated October 22, 2024. According to information available from the Pakistan Stock Exchange (PSX), Gulshan Spinning Mills has instituted a “Closed Period” from October 22, 2024, to October 29, 2024, during which no director, CEO, or executive can trade the company’s shares. This measure adheres to Clause (xxiii) of the Code of Corporate Governance under the Listing Regulation No. 35 of the Exchange.

The company has advised relevant stock exchange authorities to ensure compliance with market regulations during this period, preventing any insider trading or conflicts of interest that could affect the integrity of the market. The financial performance of Gulshan Spinning Mills during this quarter is eagerly anticipated by market watchers, reflecting the company’s operational and financial health.

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