Karachi: S.G. Power Limited, a notable entity on the Pakistan Stock Exchange (PSX), has disclosed a significant transaction involving the sale of shares by one of its key figures, Mr. Sohail Ahmed, the Chief Executive and Director of the company. The sale, which took place on September 5, 2024, involved 1,804 shares.

The transaction was conducted through the Central Depository Company (CDC), with the shares sold at varying rates. According to information available from the Pakistan Stock Exchange (PSX), this activity forms part of a critical disclosure by the company.

This development will be brought before the next meeting of S.G. Power Limited’s Board of Directors, as mandated under clause 5.6.1 of the PSX Regulations. The board is expected to review the details of the transaction, which is a routine oversight step to ensure compliance and governance transparency within publicly traded companies.

Details provided do not specify the exact price per share but indicate a structured sale through the CDC system, highlighting a planned approach in the handling of these shares by the director.

This transaction comes amidst a period of scrutiny over director-level dealings in PSX-listed companies, aiming to maintain strict regulatory compliance and bolster investor confidence in the governance practices of corporations involved in the stock market.