Saif Textile Mills Limited Announces Board Meeting to Discuss Annual Accounts and Entitlements

Islamabad: A scheduled meeting of the Board of Directors of Saif Textile Mills Limited will convene on September 30, 2024, to review the Annual Audited Accounts for the fiscal year that ended on June 30, 2024. The meeting will focus on the potential declaration of entitlements for stakeholders.

The board meeting, slated to take place in Islamabad, is set to consider financial outcomes and address corporate affairs as outlined by the company’s annual schedule. This important gathering follows the announcement of a “Closed Period” by Saif Textile Mills, starting from September 23, 2024, until the meeting day on September 30, 2024. During this time, in compliance with Clause 5.6.1 (d) of the Pakistan Stock Exchange (PSX) Regulations, all directors, the CEO, and executives are prohibited from buying or selling company shares.

According to information available from the Pakistan Stock Exchange (PSX), this measure ensures transparency and fairness in handling insider information prior to the public release of financial details. The directive aims to maintain market integrity and safeguard shareholder interests during the critical period of financial disclosures.

Stakeholders, including certificate holders of the Exchange, have been duly notified about the board’s agenda and the ongoing Closed Period. The upcoming meeting is significant as it may determine the distribution of dividends or other entitlements based on the company’s financial performance.

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