Karachi: Shah Muhammad Ch., a non-executive director at Alter Energy Limited, has sold substantial shares of the company over a series of transactions, the Pakistan Stock Exchange disclosed. On October 2, 2024, Shah sold 1.91 million shares at a rate of PKR 22.09 each. This was followed by another sale of 0.67 million shares on October 3, 2024, at PKR 21.95 per share, and a final sale of 1.65 million shares on October 4, 2024, at PKR 21.97 per share. These sales did not alter the cumulative percentage of shares held as it remained at 0.00 percent after the transactions.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are part of standard disclosures mandated under PSX Regulation 5.6.4, which requires listed companies to promptly report any significant trading activities by their directors, executives, or substantial shareholders.

Alter Energy Limited has reported that these transactions did not involve any direct dealing by other directors, CEO, or executive staff of the company in its shares during the closed period, and the details have been filed with the Securities and Exchange Commission of Pakistan as per regulatory requirements.