Karachi: Rafhan Maize Products Company Limited has disclosed a recent share transaction involving an independent director, as per the company's regulatory filing. The disclosure, dated October 26, 2026, was made in compliance with section 5.6.1.(d) of the Pakistan Stock Exchange (PSX) Regulations, which mandates the reporting of any interest held by directors, executives, substantial shareholders, and their spouses or minors.

The transaction involves Mr. Saad Raja, an independent director of Rafhan Maize, who executed a purchase of shares in the company. According to the report, Mr. Raja acquired 10 shares through the Central Depository Company (CDC) at a rate of 8,515.00 per share. This transaction was registered in the market on the same date as the filing. The cumulative number of shares held by Mr. Raja following this transaction is 10, with a cumulative percentage of 0.00%.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are crucial for maintaining transparency within publicly traded companies. The negligible cumulative percentage suggests that Mr. Raja's current holding does not significantly influence the company's overall share distribution.

The designated market category for this transaction falls under the regulatory compliance of interest disclosure by company officials. As per PSX regulations, these disclosures are intended to inform stakeholders and maintain fair trading practices by ensuring that all market participants are aware of potential conflicts of interest within company leadership.