Karachi: Jahangir Siddiqui & Co. Ltd., a prominent entity in the financial services sector, announced a significant reduction in shareholding by one of its Executive Officers, Mr. Suleman Lalani. According to the disclosure under the Pakistan Stock Exchange (PSX) Rule Book and the Securities Act, 2015, Mr. Lalani sold 355,000 ordinary shares, substantially decreasing his total shareholding in the company.

The sale transaction, executed on January 17, 2025, was conducted at a price of Rs 23.18 per share, generating approximately Rs 8.23 million. Following this transaction, Mr. Lalani’s holding stands at 4,315 ordinary shares, which equates to a 0% cumulative shareholding percentage in the company. The shares were sold in electronic form through the Central Depository Company (CDC) in the ready market segment.

According to information available from the Pakistan Stock Exchange (PSX), the transaction details were disclosed as required under clause 5.6.4 of the PSX Rule Book. This clause mandates listed companies to provide pertinent transactional information to ensure transparency and maintain investor confidence in the market.

The company, headquartered at the 20th Floor, The Centre, Plot No. 28, SB-5, Abdullah Haroon Road, Saddar, Karachi, remains committed to adhering to regulatory requirements. Muhammad Babar Din, the Company Secretary, confirmed the transaction details and emphasized the importance of such disclosures in fostering transparency in the securities market.

This development is significant for stakeholders and investors of Jahangir Siddiqui & Co. Ltd., as it reflects the company's ongoing commitment to regulatory compliance and market transparency.