Karachi: A recent disclosure from Ghani Chemical Industries Limited has revealed that Muhammad Hanif, a director of the company, executed a transaction involving the sale of shares. This disclosure aligns with the requirements set by the Pakistan Stock Exchange (PSX) regulations for listed companies.

According to the details provided, Muhammad Hanif sold 46,000 shares at a rate of 19.15 per share, resulting in a decrease in his cumulative shareholding. Following this transaction, his shareholding stands at 25,000 shares, representing 0.004% of the company's total shares. The transaction was executed on May 15, 2025, through the Central Depository Company (CDC) in the ready market.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are mandated to ensure transparency and accountability among directors, executives, and significant shareholders of listed companies. The PSX regulations require that any non-compliance related to such transactions be reported and reviewed in the subsequent board meetings of the respective company.

The company has confirmed that the transaction will be presented at the next board meeting, where any non-compliance issues will be reviewed and addressed as per clause No. 5.6.1.(d) of the PSX Regulations. This move underscores the company's commitment to adhering to regulatory standards and maintaining transparency in its operations.