Faisalabad: In recent developments from Chenab Limited, significant transactions involving company shares have been disclosed, as mandated under the Pakistan Stock Exchange regulation 5.6.4. According to the company’s statement dated October 16, 2025, these transactions were executed by individuals linked to the company’s senior management and substantial shareholders.
The report highlights multiple transactions by Shahnaz Latif, the spouse of Non-Executive Director Mian Muhammad Latif. On October 9, 2025, Shahnaz Latif sold 5,020 shares at a market rate of 22.70, resulting in a cumulative holding of 7.45 million shares, representing 6.48% of the company’s shares. A subsequent sale on October 10, 2025, involved 11,600 shares at 22.31, adjusting the cumulative shareholding to approximately 7.44 million shares or 5.47%. On October 14, 2025, another sale of 115,600 shares at 20.36 further reduced her holding to 7.33 million shares, equating to 6.37%. The transaction on October 15, 2025, saw the sale of 27,000 shares at 20.09, bringing the total to about 7.30 million shares and a percentage holding of 6.35%.
Similarly, Non-Executive Director Muhammad Salman Javed engaged in transactions involving the company’s shares. On October 9, 2025, he sold 5,000 shares at 22.92, maintaining a cumulative holding of approximately 6.59 million shares, which equals 5.73%. A purchase on October 15, 2025, involved 1,200 shares at 20.11, resulting in no change in the percentage holding at 5.73%.
According to information available from the Pakistan Stock Exchange (PSX), these transactions were executed in the ready market and have been duly recorded in compliance with regulatory requirements. The company is obligated to present these transactions at the subsequent board meeting and ensure compliance with the Securities Act, 2015, including any necessary financial reconciliations in case of early transactions.
The disclosure further emphasizes that no director, CEO, or executive is permitted to transact shares during the company’s closed period, ensuring transparency and adherence to market regulations.