Karachi: The spouse of Baluchistan Wheels Limited's CEO has recently engaged in a transaction involving the company's shares, according to a disclosure of interest report dated September 18, 2026. This development forms part of the regulatory framework governing substantial shareholders and corporate executives under the Pakistan Stock Exchange (PSX) Regulations.

According to the report, Mrs. Gul Bano Razak, who is married to Mr. Razak Bengali, the Chief Executive Officer of Baluchistan Wheels Limited, purchased 20,000 shares of the company on September 16, 2026. The shares were acquired at a rate of Rs 229.25 per share. This transaction took place in the ready market under the Central Depository Company (CDC) form of share certificate.

Following this acquisition, Mrs. Razak's cumulative shareholding in Baluchistan Wheels Limited now stands at 2,082,554 shares, representing 15.62% of the company's total shares. This percentage signifies a big move in her shareholding stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), the details of the transaction will be presented in the forthcoming Board Meeting, as required by Clause 5.6.4 of the PSX Regulations. The company has confirmed compliance with these regulations, which necessitate the disclosure of interest by directors, CEOs, executives, and substantial shareholders.

Baluchistan Wheels Limited has further affirmed that the holding period for this transaction exceeds six months. Should the holding period be less than six months, any profits realized would be subject to a mandatory deposit with the Securities and Exchange Commission of Pakistan (SECP), in accordance with Section 105 of the Securities Act, 2015. This stipulation ensures transparency and adherence to regulatory standards within the financial market category.