Zahidjee Textile Mills Schedules Board Meeting for Quarterly Financial Review

Karachi: Zahidjee Textile Mills Limited, based in Faisalabad, has announced that its Board of Directors will convene on October 30, 2024, at Lahore to review the company’s quarterly financial performance and possibly declare entitlements for the period ending September 30, 2024. This critical meeting is set to discuss key financial details and strategic directions for the upcoming quarter.

The company has also initiated a closed period starting from October 23, 2024, until the day of the meeting, October 30, 2024, complying with the regulatory guidelines set forth by Section 5.6.1(d) of the Pakistan Stock Exchange (PSX) regulations. During this period, restrictions are placed on all insiders, including directors and executive management, barring them from buying or selling company shares.

According to information available from the Pakistan Stock Exchange (PSX), this standard practice aims to prevent insider trading and ensure that all market participants have access to the same financial information simultaneously when it becomes publicly available.

Zahidjee Textile Mills has advised the TRE Certificate Holders of the stock exchange to be aware of the closed period to ensure compliance with market regulations and maintain transparency in its financial practices.

This meeting is pivotal as it not only pertains to financial assessments but also sets the precedent for how the company will handle its disclosures and insider activity, reflecting its commitment to corporate governance and shareholder trust.

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