Karachi: SG Power Limited, a notable player in the energy sector, has disclosed a significant transaction involving its shares. On October 16, 2024, Sohail Ahmed, the Chief Executive/Director of SG Power Limited, purchased 100 shares of the company. According to information available from the Pakistan Stock Exchange (PSX), this transaction is part of the ongoing financial activities within the company that are closely monitored under regulatory guidelines.

The details of the transaction, as reported to the Pakistan Stock Exchange, indicate that the shares were acquired at varying rates and are now held in the form of CDC (Central Depository Company) shares. This strategic purchase by a high-ranking executive is expected to be discussed in the forthcoming board meeting, where it will be presented for further consideration as stipulated under clause 5.6.1 of PSX Regulations.

SG Power Limited has been proactive in maintaining transparency regarding its share transactions, a practice that aligns with the regulatory requirements and enhances investor confidence. The disclosure to the Pakistan Stock Exchange was made by Tarrukh Naveed, the company secretary, who confirmed the completion of this transaction.

The company has also informed various stakeholders, including the Executive Director/HOD of Offsite-II Department, Supervision Division, Securities and Exchange Commission of Pakistan, and the Head of Operations at the Central Depository Company of Pakistan. Additionally, the Share Registrar at Karachi, was notified, ensuring comprehensive compliance with the regulatory framework.

SG Power Limited continues to uphold its commitment to corporate governance and regulatory compliance, reinforcing its position in the market and its dedication to its shareholders.