Karachi: Pakistan Aluminium Beverage Cans Limited (PABC) has announced a significant update in the indirect shareholding of its directors and substantial shareholders. This change relates to the shareholding modifications within its associated companies. The update was disclosed through a corporate filing, detailing the shifts in voting power that affect the company's governance structure.

Liberty Mills Limited currently holds 4,790,000 shares in PABC, while Liberty Power Tech Limited holds 6,624,815 shares. The latter's holdings include an acquisition of 787,769 shares made between June 5, 2025, and June 11, 2025. These transactions reflect a strategic movement within the corporate structure, impacting the overall voting power of key individuals within PABC.

The direct and indirect shareholding figures reveal that Mr. Zain Ashraf Mukaty, CEO and Director, holds a direct shareholding of 75,813,113 shares, representing 20.9946% of the company's voting power. Additionally, Mr. Mukaty possesses an indirect voting power through corporate shareholding amounting to 993,987 shares, or 0.2753%. This aggregates his total voting power to 76,807,100 shares, constituting 21.2698% of the total.

Similarly, Mr. Temoor Ashraf Mukaty, identified as a substantial shareholder, maintains a direct shareholding of 62,497,439 shares, equating to 17.3071%. His indirect voting power is marginal, with 787 shares or 0.0002%, summing up to a total voting power of 62,498,226 shares, reflecting 17.3073% in total.

According to information available from the Pakistan Stock Exchange (PSX), these figures represent the consolidated voting power, both direct and indirect, held by these key individuals within PABC. This adjustment in shareholding comes amid strategic business decisions undertaken by the associated companies, influencing the governance dynamics within PABC.

The designated market category for PABC remains unchanged, as the company continues to operate under the same business framework. The shifts in voting power are crucial for stakeholders to monitor, as they can impact future corporate decisions and the overall direction of the company.