Karachi: A director of Stylers International Limited, Mr. Muhammad Saqib, has executed a notable transaction involving the purchase of shares, according to a disclosure under clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations. On November 19, 2024, Mr. Saqib acquired 19,700 shares at an average rate of 41.22 per share. This transaction brings his cumulative shareholding in the company to 18,246,171 shares, representing a 3.73 percent stake in Stylers International Limited.

According to information available from the Pakistan Stock Exchange (PSX), the transaction was conducted through the Central Depository Company (CDC) and on the PSX market. The disclosure of the transaction aligns with regulatory requirements, and the details will be reviewed in a forthcoming board meeting. The meeting will address any potential non-compliance issues as stipulated by the PSX regulations.

Stylers International Limited has confirmed that all necessary procedures have been followed, and the transaction will be presented to the board for consideration. The company is committed to maintaining transparency and adhering to the rules set forth by the exchange.