Landmark Spinning Industries Announces Rescheduled Board Meeting and Close Period

Karachi: In a recent update, Landmark Spinning Industries Limited has rescheduled its upcoming Board of Directors meeting, originally slated for October 28, 2024, to October 30, 2024. The meeting, set to take place in Karachi, will review the First Quarterly Financial Statement for the period ending September 30, 2024, among other agenda items, with the approval of the Chairman.

According to information available from the Pakistan Stock Exchange (PSX), the rescheduling was necessary to accommodate additional preparatory needs for the board’s comprehensive review of the quarterly financials and other critical business matters. The new meeting date aims to ensure that all participants are adequately prepared to discuss and make informed decisions on the company’s strategic directions.

Furthermore, in alignment with Clause 5.6.4 of the PSX Rule Book, Landmark Spinning Industries has declared a close period from October 23 to October 30, 2024. During this period, directors, the CEO, and executives are prohibited from buying or selling company shares. This regulation is intended to prevent any insider trading or conflicts of interest during a time when significant financial information is discussed and decided upon.

This close period is critical for maintaining corporate governance standards and ensuring the transparency and integrity of the financial disclosures soon to be reviewed by the board. The company has advised TRE Certificate Holders of the Exchange to take note of these changes and the restrictions in place.

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