Karachi: Waves Home Appliances Limited has disclosed several transactions involving substantial shareholder Waves Corporation Limited, as per a notice dated May 18, 2026. These transactions were executed under the Pakistan Stock Exchange (PSX) regulation 5.6.4.

Waves Corporation Limited, identified as a substantial shareholder, engaged in a series of share sales in the company. The transactions were carried out over three consecutive days in May 2026. On May 11, a significant sale of 750,000 shares was executed at a rate of 8.40 per share. This transaction adjusted the cumulative shareholding of the corporation to 133.00 million shares, representing a 49.64% stake.

Further activity was noted on May 12, when the corporation sold an additional 35,200 shares at a rate of 6.30 per share. This sale brought the cumulative shareholding to approximately 132.97 million shares, marking a marginal decrease to 49.63% in their stake.

On May 13, Waves Corporation Limited executed another sale, offloading 464,800 shares at a rate of 8.11 per share. According to information available from the Pakistan Stock Exchange (PSX), this transaction reduced their cumulative shareholding to 132.50 million shares, equating to a 49.46% stake in Waves Home Appliances Limited.

The designated market category for these transactions was identified as the ‘Ready’ market. These sales represent a very large or significant move in the shareholding pattern of Waves Home Appliances Limited, indicating a strategic shift in the holdings by the substantial shareholder.