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Karachi, Shams Textile Mills Limited has announced that its Board of Directors will convene on September 28, 2023, in Lahore to deliberate on the Annual Accounts for the period ending June 30, 2023, with the possibility of declaring any entitlement.
In accordance with regulatory requirements, the company has instituted a Closed Period from September 21, 2023, to September 28, 2023, as mandated by PSX Regulations 5.6.1(d). During this Closed Period, no Director, CEO, or Executive of the company is permitted to engage in any direct or indirect transactions involving the shares of the company.
The upcoming Board meeting holds significant importance for the company and its shareholders as it will provide insights into the financial performance of Shams Textile Mills Limited for the specified period. The decision regarding any entitlement declaration will also be a key point of discussion during the meeting.
Shams Textile Mills Limited remains committed to maintaining transparency and adhering to all regulatory requirements in its operations. Shareholders and stakeholders will eagerly await the outcomes of the Board meeting, which will be announced in due course after the meeting’s conclusion.
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