Karachi: A recent share transaction involving Adeeb Ahmad, an independent director at Cordobal Logistics & Ventures Limited, has been disclosed under the Pakistan Stock Exchange’s Regulation 5.6.4. The transaction details were made public on August 28, 2025.

According to the filing, Adeeb Ahmad executed a purchase of 500 shares of the company on August 27, 2025. The shares, acquired at a rate of 18.885 each, did not result in any cumulative percentage change in his holdings, thus marking a Minor move in terms of market category.

The disclosure notes that all transactions executed by directors and other key stakeholders are required to be presented by the company secretary at the upcoming meeting of the Board of Directors. These transactions must also be documented through Form-30 of the Correspondence Manual.

Furthermore, the holding period for such transactions must exceed six months. If the holding period is less than six months, any profit gained must be deposited with the Securities and Exchange Commission of Pakistan (SECP), as stipulated by Section 105 of the Securities Act, 2015, with notification to the PSX.

According to information available from the Pakistan Stock Exchange (PSX), directors, CEOs, or executives are prohibited from dealing in company shares during the closed period, directly or indirectly.

Cordobal Logistics & Ventures Limited is tasked with updating the Unified Identification Number Management System immediately to reflect this transaction.