Karachi: The director of Mandviwala Mauser Plastic Industries Limited has sold a substantial number of shares in a recent transaction disclosed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transaction, involving the sale of 21,391,485 shares, was executed by Azeem Hakim Mandviwala, the company's CEO and Executive Director, on May 12, 2025.

According to the disclosure, the shares were sold at an average rate of 5.0534 per share. The shares were in the form of CDC, which refers to the Central Depository Company, and were traded through the Negotiated Dealing Market (NDM). Following this transaction, the cumulative number of shares held by Mr. Mandviwala stands at 1,322,503, representing 4.60% of the company’s total shares.

According to information available from the Pakistan Stock Exchange (PSX), the transaction will be presented in the subsequent board meeting for consideration, as required by clause No.5.6.4 of the PSX Regulation. This regulatory clause mandates the disclosure of interest by directors holding company shares to ensure transparency in market activities.

Mandviwala Mauser Plastic Industries Limited is categorized under the designated market category, which includes companies engaged in the production and distribution of plastic products. The disclosure of such transactions is part of the company's commitment to maintaining transparency and adherence to market regulations.