Karachi: Ghani Chemical Industries Limited has disclosed a significant share transaction involving an executive of the company. The transaction was carried out by Mr. Farzand Ali, who gifted out 600,000 shares on September 4, 2024. The shares, registered under the Central Depository Company (CDC), did not have a listed rate.

According to information available from the Pakistan Stock Exchange (PSX), the transaction by Mr. Ali falls under the scope of regulation 5.6.1.(d) of the PSX, which pertains to the Disclosure of Interest by a Director, CEO, or Executive of a listed company along with their spouses and substantial shareholders. It is required that such transactions are not only reported to the stock exchange but also presented and reviewed in the subsequent board meeting to address any potential non-compliance issues.

This event will be duly highlighted and discussed in the forthcoming board meeting of Ghani Chemical Industries Limited, ensuring that all regulatory requirements are adhered to and transparency maintained.