Karachi: Clover Pakistan Limited has announced a notable increase in the shareholding of its Director and Chairman, Mr. Salim Chamdia, following a recent transaction executed on November 2, 2026. According to the disclosure report, Mr. Chamdia acquired 1,000,000 shares at a rate of 6.50 per share, raising his cumulative shareholding to 1,000,000 shares, representing a 0.22% stake in the company.

The transaction, executed in the ready market, will be addressed in the upcoming board meeting, in compliance with clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations. According to information available from the Pakistan Stock Exchange (PSX), the acquisition marks a significant move in the company's shareholding structure, reflecting Mr. Chamdia's increased involvement and confidence in Clover Pakistan Limited.

The company has affirmed that the holding period for these transactions exceeds six months. In adherence to Section 105 of the Securities Act, 2015, should any profits arise from transactions conducted within a shorter period, they will be directed to the Securities and Exchange Commission of Pakistan (SECP) with due notification to the PSX.

This development positions Clover Pakistan Limited within the designated market category, highlighting the dynamics and strategic shifts within its corporate governance and shareholder architecture.