Karachi: An executive director of Beco Steel Limited recently executed a notable transaction involving the company’s shares, according to a detailed disclosure under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transaction details were made public on November 25, 2025, highlighting the sale of shares by an executive director, Muhammad Ali Shafique.
The transaction, executed on November 17, 2025, involved the sale of 11,940,000 shares by Muhammad Ali Shafique, who holds the position of executive director at Beco Steel Limited. The shares were sold at a rate of 7.99 per share. Following this transaction, Shafique’s cumulative shareholding stands at 586.45 million shares, representing a cumulative percentage of 46.93% of the company’s total shares.
According to information available from the Pakistan Stock Exchange (PSX), this transaction is categorized as a very large or significant move based on the volume of shares sold. The transaction underscores a substantial change in the ownership structure of Beco Steel Limited, reflecting a strategic decision by the executive director.
As per the regulations, the company is required to present the details of such transactions to the Board of Directors in their subsequent meeting. Additionally, the necessary documentation must be submitted through Form-30 via the Correspondence Manual using the PUCARS system.
Beco Steel Limited is obligated to ensure that all transactions adhere to the regulations set forth by the Securities Act, 2015, particularly concerning the holding period and profit realization conditions. The company must also update the Universal Identification Number (UIN) Management System with the requisite transaction details promptly.
This disclosure comes amid a climate of increased scrutiny and regulatory compliance for listed companies, emphasizing transparency in significant share dealings by directors and executives. The designated market category for this transaction remains within the domain of industrials, where Beco Steel Limited operates.