Karachi: Kohat Textile Mills Limited disclosed a significant development concerning its substantial shareholder, Saf Holdings Limited, which executed a share transaction, as per the company's notification dated August 8, 2025. The transaction involved the sale of 21,980 shares by Saf Holdings Limited, a substantial shareholder in the company, recorded on August 7, 2025. This transaction was executed in the ready market.

The cumulative number of shares held by Saf Holdings Limited following this transaction stands at 73.48 million, with a cumulative percentage of 62.6115283809. The nature of this transaction indicates a Very large or significant move in the holdings of the substantial shareholder.

According to information available from the Pakistan Stock Exchange (PSX), such transactions are subject to strict compliance with PSX Regulation 5.6.4. The regulation mandates that any transactions executed by directors, CEO, executives, substantial shareholders, their spouses, and minors be promptly presented by the company secretary at the subsequent Board of Directors meeting. Additionally, the company must update the Unified Identification Number (UIN) Management System with the requisite details immediately.

The disclosure also highlights adherence to the Securities Act, 2015, requiring that any profit gained from transactions within a six-month holding period be deposited with the Securities and Exchange Commission of Pakistan (SECP). Kohat Textile Mills Limited has ensured compliance with these regulations by detailing the steps to be taken in the event of such transactions, including the prohibition of share dealings by directors, CEO, or executives during closed periods.

This transaction is categorized under the designated market category of the Pakistan Stock Exchange (PSX) and reflects the regulatory framework governing share transactions within listed companies in Pakistan.