Karachi: Beco Steel Limited has announced a transaction executed by one of its executives, as detailed in a disclosure of interest report required under the Pakistan Stock Exchange (PSX) regulations. The disclosure, filed under clause 5.6.4 of the PSX regulations, outlines the acquisition of shares by Muhammad Ali Shafique Ch, a key executive within the company.

According to the information, Muhammad Ali Shafique Ch purchased 100,000 shares of Beco Steel Limited at a rate of 9.33 per share on May 23, 2025. This transaction increased his cumulative holding to 102,500 shares, which represents 0.08 percent of the company's total shares.

The disclosure is a routine procedure for listed companies, ensuring transparency and compliance with regulatory requirements. According to information available from the Pakistan Stock Exchange (PSX), such transactions must be reported and subsequently reviewed in board meetings. The upcoming board meeting will assess this transaction, including any non-compliance issues that may arise, as stipulated under the PSX regulations.

Beco Steel Limited's adherence to these guidelines ensures that stakeholders are informed of significant changes in shareholding by company executives or substantial shareholders. This transparency is crucial in maintaining the integrity and trust of the market participants within the designated market category.