Karachi: Nimir Industrial Chemicals Limited has disclosed a recent transaction involving the purchase of shares by its Executive Director, Umar Iqbal, as per the regulatory requirements of the Pakistan Stock Exchange Limited. The transaction involves the acquisition of 7,800 shares at a rate of 140.02 rupees per share. The shares were purchased electronically through the Central Depository Company (CDC) in the ready market segment on May 2, 2025.

According to information available from the Pakistan Stock Exchange (PSX), the transaction complies with Regulation No. 5.6.4, which mandates the disclosure of interest for transactions conducted by company executives. The disclosure ensures transparency and adherence to regulatory norms.

The company further confirmed that the holding period for the transaction exceeds six months. Should the holding period have been less than six months, the profits would have been deposited with the Securities and Exchange Commission of Pakistan (SECP) as per Section 105 of the Securities Act, 2015. This stipulation underscores the company's commitment to maintaining compliance with the financial regulations governing the capital markets.

The designated market category for this transaction is the ready market, as indicated in the disclosure. Nimir Industrial Chemicals Limited has communicated this information to the Trading Right Entitlement (TRE) Certificate holders of the Pakistan Stock Exchange, following the necessary protocol for such transactions.