Karachi: S.G. Power Limited has disclosed that Mr. Sohail Ahmed, the Chief Executive and Director of the company, has executed two significant share sale transactions. The transactions, completed on June 17, 2025, involved the sale of a substantial number of shares, totaling 1,005,333.
According to the information provided, Mr. Ahmed sold 172,000 shares and subsequently 833,333 shares, both at a rate of Rs. 6 per share. These shares were in the Central Depository Company (CDC) form, a common format for holding shares in Pakistan. The total value of the shares sold in these transactions amounts to Rs. 6.03 million.
The sale of these shares is set to be reviewed by the Board of Directors in an upcoming meeting, in accordance with clause 5.6.1 of the PSX Regulations. This regulation mandates that such transactions involving company directors be considered by the board to ensure compliance and transparency.
The sale marks a very large or significant move in terms of the percentage change in Mr. Ahmed's holdings, given the size of the transactions relative to typical market activities. According to information available from the Pakistan Stock Exchange (PSX), such disclosures are crucial for maintaining market integrity and investor confidence.
The designated market category for S.G. Power Limited remains unchanged, and the company continues to operate within the parameters set by the stock exchange. This transaction is part of the company's ongoing efforts to maintain transparency and adhere to regulatory requirements.