Karachi: Beco Steel Limited has disclosed a series of significant share transactions executed by its Executive Director, Muhammad Ali Shafique Ch, from November 20 to November 26, 2025. The transactions, disclosed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, involved the sale of substantial shares in the company, affecting the cumulative shareholding percentage.

On November 20, 2025, Muhammad Ali Shafique Ch initiated the sale of 3 million shares at a rate of 8.36 per share, reducing his cumulative shareholding to 582.25 million shares, representing 46.59% of the company's total shares. This was followed by the sale of 14.61 million shares on November 21 at a rate of 7.81 per share, further decreasing his shareholding to 567.64 million shares, or 45.42%.

The transactions continued on November 24 with a sale of 376,580 shares at 7.60 per share, resulting in a cumulative total of 567.26 million shares, equating to 45.39%. On November 25, Shafique sold an additional 2.45 million shares at a rate of 7.18, lowering his stake to 564.82 million shares, or 45.20%.

November 26 saw multiple transactions, starting with the sale of 6.69 million shares at 6.99 per share, reducing the cumulative shareholding to 558.13 million shares, which is 44.66%. In a significant move, 30 million shares were then sold in a negotiated deal market (NDM) transaction at a rate of 7.21, bringing the shareholding down to 528.13 million shares, or 42.26%.

The day concluded with the sale of 7.18 million shares at 7.06 per share, leaving a total of 520.95 million shares, representing 41.69% of Beco Steel's shares. According to information available from the Pakistan Stock Exchange (PSX), these transactions indicate a very large move in the shareholding of the Executive Director.

The company has noted that the transactions will be presented by the Company Secretary at the upcoming Board of Directors meeting. The disclosure also emphasized compliance with regulatory requirements, including the potential need to deposit any profits made from sales within six months to the Securities and Exchange Commission of Pakistan (SECP), as stipulated under Section 105 of the Securities Act, 2015. The company has committed to updating the requisite details in the UIN Management System promptly.