Karachi: TPL Corp Limited has executed a significant transaction involving the sale of 2.50 million shares of TPL Trakker Limited, as revealed in a disclosure made under the Pakistan Stock Exchange (PSX) regulations. The transaction, which took place on March 24, 2025, was carried out with the intent of raising financing through Margin Financing (MF) against available Unique Identification Number (UIN) limits.

The shares were sold at a rate of 7.00 Pakistani Rupees per share in the Central Depository System (CDS) market. The cumulative shareholding of TPL Corp Limited now stands at 117.94 million shares, representing 62.98% of the total shares of TPL Trakker Limited.

This disclosure, dated March 27, 2025, is part of the regulatory requirements under clause 5.6.4 of the PSX Regulations, which mandates the disclosure of interest by directors, CEOs, executives, and their spouses, as well as substantial shareholders of a listed company. According to information available from the Pakistan Stock Exchange (PSX), such transactions are subject to review in subsequent board meetings to ensure compliance with relevant regulations.

The information provided will be presented in an upcoming board meeting of TPL Trakker Limited for consideration and any necessary actions, including addressing any non-compliance issues, as required by the PSX regulations. The designated market category for this transaction is the Ready market.