Karachi: In accordance with Pakistan Stock Exchange (PSX) Regulation 5.6.4, Waves Home Appliances Limited has disclosed recent transactions involving company shares by a non-executive director. On November 15 and November 20, 2024, Nighat Haroon Khan executed two gift transactions involving a total of 4,100,000 shares.

The first transaction, conducted on November 15, involved the gifting of 2,000,000 shares, resulting in a cumulative holding of 2,124,277 shares, representing a 0.79 percent stake in the company. The second transaction, executed on November 20, saw an additional 2,100,000 shares gifted, leaving a remaining balance of 24,277 shares, equivalent to a 0.01 percent stake. Both transactions were completed through the Central Depository Company (CDC), and the shares were transferred at a rate of 0.00, indicating no financial consideration.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are required to ensure transparency and compliance with regulatory standards set forth for publicly traded companies. These transactions reflect the changes in ownership stakes held by key stakeholders within the company.