The Crescent Textile Mills Limited Announces Board Meeting to Review Annual Accounts

Faisalabad: The Crescent Textile Mills Limited will convene a Board of Directors meeting on September 30, 2024, at its registered office in Faisalabad to review the Annual Accounts for the fiscal year ending June 30, 2024, and to discuss other matters as outlined in the agenda.

The meeting is scheduled amid the company’s ‘Closed Period,’ which spans from September 23 to September 30, 2024, inclusive. During this time, as stipulated under Clause 5.6.4 of the PSX Regulations, no Director, Chief Executive Officer, or Executive is permitted to buy or sell company shares. According to information available from the Pakistan Stock Exchange (PSX), this measure ensures compliance and governance transparency during sensitive financial reviews.

The closed session emphasizes the importance of confidentiality and compliance ahead of key financial disclosures. The company’s decision to bar trading by insiders during this period reflects standard regulatory practices to prevent any potential misuse of unpublished financial information.

Stakeholders, including THE Certificate Holders of the Exchange, have been duly notified as required, ensuring all parties are informed of the governance processes in effect during this crucial period of financial assessment.

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