IDREES
s
TEXTILE MILLS LIMITED
1st Floor, Ismail Centre, 6-C, Central Commercial Area, Bahadurabad, Karachi-74800 (Pakistan) Phones: (92-21) 34940026 to 30 (5 Lines) Fax: (92-21) 34945306 E-mail: idreestextile@gmail.com & info@idreestextile.com
' | ||
March 22, 2025 | ||
Mr. Hafiz Maqbool Munshi | ||
Unit Head, Listed Companies Compliance - (RAD) | ||
Pakistan Stock Exchange | ||
Stock Exchange Building | ||
Karachi | ||
SUBJECT: UNUSUAL MOVEMENT IN SHARE PRICE OF IDREES TEXTILE | ||
MILLS LIMITED ("IDRT") | ||
Dear Sir, | . | ' |
With reference to your letter Ref. No. PSX/ Gen-622 dated March 21, 2025, regarding the unusual | ||
movement in the price of the shares of Idrees Textile Mills Limited ("IDRT"), we wish to confirm the | ||
following in compliance with the requirements of Section 97 of the Securities Act, 2015, and clause | ||
5.6.3 of the PSX Regulations: | ||
After conducting an internal review, the management of Idrees Textile Mills Limited affirm that, to the | ||
best of our knowledge and belief, there are no known material factors, corporate developments, or | ||
price-sensitive information that could have influenced the recent unusual movement in the share price | ||
and trading volume of the company's shares. | ||
We assure you that, in compliance with PSX Regulation 5.6.1, should any price-sensitive information | ||
arise in the future that may impact the share price or trading volume, we will promptly disseminate the | ||
information through PUCARS for public disclosure. | ||
Yours sincerely, | ||
49 | ||
SYED SHAHID SULTAN | ||
Company Secretary | ||
Copy to: The Director (LCD-SD) | ||
Securities & Exchange Commission of Pakistan | ||
NIC Building, Jinnah Avenue, Blue Area, | ||
Islamabad | ||
The Chief Regulatory Officer - PSX |
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