Karachi: Bestway Cement Limited's recent disclosure has revealed a significant internal transaction involving one of its non-executive directors, Dawood Pervez. According to a report dated November 13, 2026, Pervez executed a substantial gift transfer of shares within the company.
The transaction, reported under the Pakistan Stock Exchange (PSX) regulations, involved the gifting out of 37,536,226 shares. The shares, which were in physical form, were transferred on October 27, 2026. The transaction was categorized as a 'gift out,' and the shares were transferred at a rate of 0.00, indicating no monetary exchange.
Following this transaction, the cumulative number of shares held by Pervez stands at 10,820,388, representing a cumulative percentage of 1.81% of the company's shares. This transaction is classified as a very large or significant move based on the share count involved.
According to information available from the Pakistan Stock Exchange (PSX), such disclosures are part of the regulatory framework aimed at maintaining transparency in the dealings of company insiders and substantial shareholders. The disclosure ensures stakeholders are informed about significant changes in shareholding patterns within the company.
This transaction highlights the importance of regulatory compliance and transparency in managing corporate governance and investor relations within publicly listed companies in Pakistan.