Interloop Limited Announces Board Meeting and Closed Period in September

Faisalabad: Interloop Limited, a major player in the textile industry, will convene a Board of Directors meeting on September 26, 2024, at the K2 Meeting Room within their Interloop Industrial Park in Faisalabad. The primary agenda for this meeting is to review and possibly approve the Annual Audited Financial Statements, both Standalone and Consolidated, for the fiscal year that concluded on June 30, 2024. The board will also discuss the potential declaration of any entitlements.

In compliance with the regulations outlined by the Pakistan Stock Exchange, specifically Clause 5.6.4, Interloop Limited has instituted a “Closed Period” from September 19, 2024, to September 26, 2024. During this time, no director, chief executive officer, or executive is permitted to buy or sell company shares, directly or indirectly. This precautionary measure ensures that all trading by insiders is halted during a critical period of financial review and decision-making, safeguarding against any potential misuse of undisclosed financial information.

According to information available from the Pakistan Stock Exchange (PSX), this Closed Period is a routine practice aimed at maintaining transparency and fairness in the dealings of publicly listed companies, particularly around the times of significant corporate disclosures such as financial results and strategic decisions.

Interloop Limited is anticipated to notify the Certificate Holders of the Exchange about this Closed Period to ensure all regulatory requirements are fully met and to maintain the integrity of their corporate governance practices.

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