Karachi: Fast Cables Ltd., a prominent player in Pakistan's cable manufacturing sector, has disclosed recent share transactions involving key executives, as per the company's regulatory filing on October 20, 2026. Executives from the company executed significant trades, which will be subjected to compliance scrutiny in an upcoming board meeting.
The transactions, detailed in the report, involve the sale of shares by Muhammad Shahzad Mian, the company's Chief Operating Officer. On August 24, 2026, Mr. Mian sold 97,000 shares at a rate of 28.09 per share. The trades were conducted in the Central Depository Company (CDC) form under the regular market category.
According to information available from the Pakistan Stock Exchange (PSX), the transaction will be reviewed for compliance with the regulations set forth by the exchange. The review will ensure that there are no non-compliance issues, and if any are identified, they will be duly highlighted at the forthcoming board meeting.
The company has confirmed that the holding period for these transactions exceeded six months. In instances where transactions occur within a six-month window, any profits must be remitted to the Securities and Exchange Commission of Pakistan (SECP) in accordance with Section 105 of the Securities Act, 2015, with notification to the PSX.
Fast Cables Ltd. is committed to maintaining transparency and adherence to all regulatory requirements in its financial dealings, as reiterated in its report.