Karachi: Bawanyair Products Limited has announced a significant transaction involving the sale of shares by a substantial shareholder, Weavers Pakistan (Private) Limited. This disclosure was made in compliance with the Pakistan Stock Exchange (PSX) regulations under the disclosure of interest by a Director, CEO, Executive, or substantial shareholders.

On February 3, 2025, Weavers Pakistan (Private) Limited executed a sale of 17,581 shares of Bawanyair Products Limited at a rate of 30.02 per share. The shares were traded in the ready market category through the Central Depository Company (CDC), culminating in a cumulative shareholding of 2,162,584 shares with a price of 28.82 per share.

According to information available from the Pakistan Stock Exchange (PSX), the transaction details will be presented in the subsequent board meeting for consideration, including any non-compliance issues that may arise. This step is mandatory under clause No. 5.6.1.(d) of PSX Regulations. The company has further confirmed that the holding period for this transaction exceeds six months. Should there be any transactions within a six-month period, the profits must be deposited with the Securities and Exchange Commission of Pakistan (SECP) as mandated by Section 105 of the Securities Act, 2015, with subsequent notification to the PSX.

These measures ensure transparency and adherence to regulatory requirements, reinforcing investor confidence in the governance practices of Bawanyair Products Limited. The company remains committed to full compliance with PSX regulations and maintaining the integrity of its financial disclosures.