Karachi: In a recent transaction noted by the Pakistan Stock Exchange (PSX), Mr. Sohail Ahmed, a Director at S.G. Power Limited, has sold 2.85 million shares. The sale, detailed in a notification sent to the PSX, occurred on October 16, 2024, and is a part of routine financial disclosures required by regulators.

According to information available from the Pakistan Stock Exchange (PSX), the shares were sold in varying amounts and prices, all of which were compliant with market regulations. This type of disclosure is mandatory under the PSX regulations clause 5.6.1, which ensures that all directorial transactions are transparent and publicly noted to maintain fair trading practices.

The notification, issued by Farrukh Naveed, the Company Secretary of S.G. Power Limited, confirmed that these transactions would be further discussed in the upcoming board meeting. This move is part of the ongoing compliance checks that companies listed on the PSX are required to follow.

S.G. Power Limited, a significant player in the energy sector, has maintained a transparent communication line with its stakeholders through regular updates on its financial and operational maneuvers. The company has its operations based in Karachi and is known for its substantial contributions to the local power supply chain.

As the market watches, this transaction will be scrutinized for its adherence to the stringent regulations set forth by the PSX, reinforcing the importance of transparency in the operations of publicly traded companies.