Karachi: Sitara Energy Limited has reported a notable transaction involving its non-executive director, Tahir Ibrahim, according to a disclosure made under the Pakistan Stock Exchange (PSX) Regulation 5.6.9. The transaction took place on December 15, 2025, and involved the acquisition of 90,000 shares. This move has increased Ibrahim's cumulative shareholding to 35.78427475%, representing a big move under the classification of percentage changes.

The transaction details, as outlined in the official disclosure, indicate that the shares were acquired in the form of a CDC ready market transaction. The nature of the transaction was specified as a 'buy', executed at an undisclosed rate. This acquisition reflects an increase in Ibrahim's cumulative percentage holding in the company to 2.24%.

According to information available from the Pakistan Stock Exchange (PSX), the transaction by Tahir Ibrahim is part of the regulatory compliance requirements that mandate significant shareholders, including directors and executives, to disclose their dealings in the company's shares. This ensures transparency and adherence to market regulations designed to maintain investor confidence.

The company's communication further highlighted the procedural requirements following such transactions. The details of the transaction will be presented by the Company Secretary at the next Board of Directors meeting. Additionally, the transaction must adhere to specific holding period requirements, and any profit made within six months will necessitate a deposit with the Securities and Exchange Commission of Pakistan (SECP) under Section 105 of the Securities Act, 2015.

The disclosure also underscores regulatory measures prohibiting directors, CEOs, or executives from dealing in company shares during a closed period. Sitara Energy Limited is required to update the necessary information in the UIN Management System promptly, ensuring compliance with the PSX's regulatory framework.