Nishat Mills Limited Announces Board Meeting to Consider Scheme of Arrangements

Lahore, Nishat Mills Limited has scheduled a Board of Directors meeting in Lahore to discuss and potentially approve a Scheme of Arrangements and Compromises with Nishat Chunian Limited and Nishat Chunian Power Limited. This meeting, detailed in a notice to the Pakistan Stock Exchange, is set to take place on May 9, 2024.

In anticipation of the board meeting, the company has initiated a “Closed Period” from today, May 3, 2024, until May 9, 2024. During this time, directors, the CEO, and executives are prohibited from buying or selling company shares. This measure adheres to the regulations mandated by the Pakistan Stock Exchange to prevent insider trading.