Karachi: Crescent Star Insurance Limited has announced significant transactions undertaken by its directors, as disclosed under the Pakistan Stock Exchange’s Regulation 5.6.4. The disclosure, dated April 16, 2026, details the acquisition of unsubscribed right shares by two directors of the company, marking a notable development in the entity’s shareholding pattern.
On March 11, 2026, Komal Sajid Lodhi, a director of Crescent Star Insurance, executed a transaction to purchase 20,000 shares at a rate of 3 per share. The shares were acquired in the form of Central Depository Company (CDC) certificates. This transaction was part of the unsubscribed portion of right shares allocated by the board of the company.
Similarly, Rabia Omar Hassan, another director, also engaged in a transaction on the same date. Hassan purchased 33,500 shares, also at the rate of 3 per share, in the form of CDC certificates. This transaction mirrored Lodhi’s, involving the unsubscribed portion of right shares as allocated by the board.
According to information available from the Pakistan Stock Exchange (PSX), these transactions represent strategic moves by the directors to enhance their stakes in the company through the acquisition of right shares that were not initially subscribed by other shareholders. The shares were allocated as part of an initiative by the board, reflecting the directors’ vested interest in the company’s growth trajectory.
Both transactions fall under the market category of the unsubscribed portion of right shares. The acquisitions by Lodhi and Hassan are not only indicative of their confidence in the company’s prospects but also underscore the ongoing efforts by the board to optimize share distribution among key stakeholders.