Karachi: The Naimat Saleem Trust has reduced its stake in Stylers International Limited through a series of transactions, according to a disclosure report dated September 23, 2026. The transactions were executed through the Central Depository Company (CDC) by means of a negotiated deal market (NDM) transaction on the Pakistan Stock Exchange.

On September 15, 2026, the Naimat Saleem Trust sold 67,389 shares at a rate of 45 each, resulting in a cumulative shareholding of 120.35 million shares, equating to a 24.62% stake in the company. In a subsequent transaction on the same day, the Trust further sold 600,000 shares at the same rate, reducing its shareholding to 119.75 million shares, or a 24.50% stake.

A final transaction took place on September 22, 2026, with the sale of 1.20 million shares at a rate of 45 per share. This sale brought the Trust’s cumulative shareholding down to 118.55 million shares, representing a 24.25% stake in Stylers International Limited.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are scheduled for presentation at an upcoming board meeting. The meeting will address any potential non-compliance issues, as stipulated under clause No. 5.6.4 of the PSX Regulations.

The designated market category for these transactions is the CDC through NDM, and the nature of the activity was classified as a sale. The percentage movement in shares from 24.62% to 24.50% reflects a minor move, while the shift from 24.50% to 24.25% indicates a moderate move.

These disclosures are part of regulatory requirements aimed at ensuring transparency in the dealings of substantial shareholders and associated companies within listed entities on the Pakistan Stock Exchange.