Independent Director of Ghazi Fabrics Sells Shares, No Change in Holdings

Lahore: Recent transactions by Mr. Khawaja Waheed Raza, an Independent Director of Ghazi Fabrics International Limited, have come to light as per the disclosure requirements under PSX Regulation 5.6.4. The report, dated October 14, 2026, details a series of share sales executed by Mr. Raza, shedding light on his current holdings in the company.

According to the report, Mr. Raza executed two separate transactions in September 2026. On September 17, he sold 20,000 shares at a rate of 26, followed by a sale of 10,000 shares at a rate of 25.79 on September 24. Post these transactions, his cumulative shareholding stands at 5,000 shares, showing no change in percentage holdings.

According to information available from the Pakistan Stock Exchange (PSX), these transactions will be scrutinized in the upcoming board meeting of Ghazi Fabrics International Limited, as mandated by PSX regulations. The company has confirmed adherence to the necessary legal requirements, including the holding period for these transactions, which exceeds six months. In case of any deviation, compliance measures will be enacted as per Section 105 of the Securities Act, 2015.

The transactions by Mr. Raza, conducted in the designated market category, ‘Ready’, have been duly noted in the official records, with confirmations to be communicated to the PSX and the Securities and Exchange Commission of Pakistan (SECP) as required.