Karachi: National Foods Limited has reported a substantial stock transaction by ATC Holdings (Private) Limited, a major shareholder. On August 16, 2024, ATC Holdings sold 100,000 shares at a price of Rs. 200.00 per share, through the National Delivery Mechanism (NDM) in electronic form.

According to information available from the Pakistan Stock Exchange (PSX), this disclosure is mandated under clause 5.6.4 of the PSX Regulations, which requires listed companies to report significant share transactions by directors, executives, their spouses, or substantial shareholders. This ensures transparency and governance in trading activities of key stakeholders.

The transaction will be reviewed in the upcoming board meeting of National Foods to address any potential non-compliance issues. Additionally, the company has confirmed that the holding period for these shares exceeded six months. If it had been shorter, profits from the sale would need to be surrendered to the Securities and Exchange Commission of Pakistan (SECP) as per Section 105 of the Securities Act, 2015, with the appropriate notice given to PSX.