Karachi: On August 8, 2025, Panther Tyers Limited disclosed a series of share transactions executed by its Executive Director, Man Faisal Iftikhar, as per regulatory requirements set by the Pakistan Stock Exchange (PSX). The transactions involved the sale of shares over consecutive days in early August.
According to the official disclosure, Man Faisal Iftikhar sold a total of 8,000 shares in two separate transactions. The first transaction took place on August 4, 2025, with a sale of 2,088 shares. The following day, August 5, 2025, saw an additional sale of 5,912 shares. Both transactions were conducted in the ready market, and the cumulative percentage shareholding of the executive director after these sales was reported as 15.76.
According to information available from the Pakistan Stock Exchange (PSX), the transactions are required to adhere to regulatory guidelines, including the presentation of the transaction details by the Company Secretary at the subsequent Board of Directors meeting. Additionally, the transactions must comply with the holding period stipulations specified under the Securities Act, 2015.
The transaction details are set to be updated in the Unique Identification Number (UIN) Management System as mandated by the company's protocols. The regulatory framework also prohibits directors, CEOs, or executives from dealing in the company's shares during a designated closed period.
Panther Tyers Limited, operating within the designated market category of tire manufacturing and sales, remains compliant with its disclosure obligations, ensuring transparency in the trading activities of its key personnel.