Karachi: Habib Rice Products Limited has recently disclosed significant share transactions involving its non-executive directors, according to a notice issued on September 17, 2025. The transactions, executed under the guidelines of the Pakistan Stock Exchange (PSX) Regulation 5.6.4, involve the sale and purchase of shares by key figures within the company.
Dr. Salma Habib, a non-executive director, executed a sale of 1,973,000 shares on September 16, 2025. The shares were sold at a rate of 30.02, resulting in a cumulative holding of 812,986 shares, which is equivalent to 2.03% of the company’s total shares. This transaction is classified as a very large or significant move.
Simultaneously, Gaffar A. Habib, also a non-executive director, purchased 1,958,191 shares at the same rate of 30.02. Following this transaction, Gaffar’s cumulative shareholding stands at 9.43 million shares, representing 23.57% of the company’s shares. This acquisition is notably a very large or significant move as well.
According to information available from the Pakistan Stock Exchange (PSX), these transactions are part of routine disclosures required when directors, executives, or substantial shareholders engage in trading the company’s shares. The transactions must be presented by the company secretary at the subsequent board meeting, with the minutes submitted through Form-30 of the Correspondence Manual via PUCARS.
Furthermore, the notice stipulates that the holding period for these transactions should exceed six months. If the period is shorter, the profit must be deposited with the Securities and Exchange Commission of Pakistan (SECP), as per Section 105 of the Securities Act, 2015, with due notification to the PSX. It also emphasizes that directors, CEOs, or executives are prohibited from trading shares during closed periods.
Habib Rice Products Limited is required to update the necessary details in the UIN Management System immediately following these transactions. The designated market category for this disclosure is the Pakistan Stock Exchange.