Karachi: Waves Corporation Limited has announced a series of share transactions involving Haroon Ahmad Khan, the company's Executive Director, as part of its compliance with Pakistan Stock Exchange regulations. The transactions, dated October 14, 2025, are detailed in a disclosure filed under PSX Regulation 5.6.4.

According to the information provided, Haroon Ahmad Khan executed two significant transactions on October 1, 2025. The first transaction involved the purchase of 800,000 shares in the Future market. This acquisition was followed by a sale of an equivalent number of shares, also totaling 800,000, in the NDM market on the same day.

The disclosure indicates that the cumulative percentage of shares held by Haroon Ahmad Khan after the purchase transaction was 34.27%. This was slightly reduced to 33.98% following the subsequent sale. According to information available from the Pakistan Stock Exchange (PSX), the movement in the cumulative percentage of shares held by Khan is classified as a minor move.

The regulatory filing also stipulates that these transactions will be presented by the Company Secretary at the forthcoming Board of Directors meeting. Additionally, it was noted that the holding period for these transactions exceeded six months, thereby ensuring compliance with the Securities Act, 2015.

In accordance with PSX regulations, the company has made an immediate update to the UIN Management System to reflect these transactions. The adherence to these regulatory measures underscores Waves Corporation's commitment to transparency and compliance in its operations.