Hamid Textile Mills Schedules Board Meeting to Review Quarterly Report

Karachi: Hamid Textile Mills Limited has announced that its Board of Directors will convene on October 30, 2024, at their registered office in Lahore to discuss the company’s first quarterly report for the fiscal year ending September 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), the company will also declare any entitlements during this meeting.

The textile company has further declared a closed period from October 28, 2024, to October 31, 2024, as stipulated under section 5.6.1(d) of PSX regulations. This prohibits directors, the CEO, or any executives from directly or indirectly dealing in the shares of the company during this time.

This move is standard practice to prevent insider trading and ensure transparency while the board reviews the company’s financial performance. Shareholders and investors are keenly awaiting the outcome of this meeting, which could influence the company’s stock performance in the upcoming quarter.

Stakeholders, including the TRE Certificate Holders of the exchange, will be informed of the board’s decisions and any entitlements declared, ensuring regulatory compliance and maintaining market stability.

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