Mehmood Textile Mills Limited Announces Board of Directors Meeting in Multan

Multan: A Board of Directors meeting for Mehmood Textile Mills Limited has been scheduled for August 6, 2024, at the company’s head office in Multan. Following the meeting, any material information that emerges will be shared with the Pakistan Stock Exchange (PSX) in compliance with its regulations.

The company has instituted a “Closed Period” from August 5 to August 6, 2024, during which no director, CEO, or executive will be permitted to buy or sell company shares. This action adheres to Clause 5.6.4 of the PSX Regulations, which aims to prevent insider trading during pivotal corporate events.

According to information available from the Pakistan Stock Exchange (PSX), the enforced Closed Period is a standard practice intended to maintain market integrity and transparency while important decisions are made. The notice also highlighted that certificate holders of the exchange are duly informed about these restrictions as part of regulatory compliance and corporate governance standards.

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