Karachi: The Chief Operating Officer of Baluchistan Wheels Limited, Mr. M. Irfan Ghani, has recently increased his shareholding in the company through a purchase transaction, according to information disclosed by the company. This transaction was carried out on October 24, 2024, where Mr. Ghani acquired 5,000 shares at a rate of Rs 144.02 per share. The acquisition was executed in the form of a CDC, ready market transaction.

According to information available from the Pakistan Stock Exchange (PSX), this purchase brings Mr. Ghani's cumulative shareholding to 14,842 shares, representing 0.11 percent of the company's shares. The disclosure of this transaction is in accordance with the PSX Regulations under Clause 5.6.4. and will be presented in the company's next board meeting.

The company has confirmed that the holding period for this transaction exceeds six months. However, if it were within this period, any profit from the transaction would be required to be deposited with the Securities and Exchange Commission of Pakistan (SECP) as mandated by Section 105 of the Securities Act, 2015, with due intimation to the PSX.