Reliance Weaving Mills Announces Upcoming Board Meeting and Closed Period

Multan: Reliance Weaving Mills Limited has scheduled a Board of Directors meeting for September 30, 2024, to be held in Multan and accessible via ZOOM. This session is set to review and potentially approve the Company’s annual audited financial statements for the fiscal year ending June 30, 2024. The board may also consider declaring entitlements for shareholders.

The Company has also instituted a “Closed Period” starting from September 23, 2024, until the date of the meeting, September 30, 2024. During this time, all directors, the CEO, and executives are prohibited from buying or selling company shares, as mandated by Clause 5.6.4 of the Pakistan Stock Exchange Regulations. This ensures compliance with trading regulations during a critical decision-making period.

According to information available from the Pakistan Stock Exchange (PSX), this measure aims to prevent any insider trading or conflicts of interest that might arise during the approval of financial disclosures and entitlement decisions. Shareholders and certificate holders of the Exchange have been duly informed of these developments.

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