Karachi: TPL Properties Limited has announced a substantial transaction involving the sale of shares by one of its key stakeholders, TPL Corp Limited. The transaction details were disclosed in accordance with the Pakistan Stock Exchange (PSX) regulations, underlining significant movements within the company’s shareholder structure.

The transaction, dated October 10, 2025, involved the sale of 945,000 shares by TPL Corp Limited at a rate of Rs. 11.94 per share. These shares were sold in the ready market and were held in the Central Depository System (CDS) form. According to information available from the Pakistan Stock Exchange (PSX), this transaction impacts TPL Properties Limited’s overall shareholding dynamics.

Prior to this transaction, TPL Corp Limited held a total of 193,253,962 shares, representing 34.44% of the company’s total shares. The completion of this sale marks a very large or significant move in the shareholder's equity, reflecting a strategic decision by TPL Corp Limited to adjust its stake in TPL Properties Limited.

This development will be reviewed in the forthcoming Board meeting of TPL Properties Limited, where any potential noncompliance with regulatory obligations will be addressed. The company has committed to confirming the details of this transaction to the Exchange, adhering to clause No. 5.6.4 of the PSX Regulations.

The disclosure underscores the ongoing regulatory compliance and transparency efforts by TPL Properties Limited, as it navigates its market activities within the designated market category of real estate and property development.