Karachi: In a significant development within the Pakistani equities market, Muhammad Yahya Khan, a Non-Executive Director at Nimir Resins Limited, has sold 3.5 million shares of the company. The transaction was executed at a rate of Rs. 36.00 per share on May 15, 2025, through the Central Depository Company (CDC) in the regular market category.

According to information available from the Pakistan Stock Exchange (PSX), the sale of shares was conducted in compliance with Regulation No. 5.6.4 of the listing regulations of the PSX. The regulation mandates detailed disclosure of interests in transactions involving company shares by directors and other key insiders.

The total value of the shares sold by Mr. Khan amounts to Rs. 126.00 million. The shares were held for a period exceeding six months, ensuring compliance with Section 105 of the Securities Act, 2015, which requires a holding period of over six months to avoid depositing profit with the Securities and Exchange Commission of Pakistan (SECP). In cases where shares are sold within the six-month timeframe, any profit must be reported and deposited with SECP.

The transaction was officially communicated to the Pakistan Stock Exchange, with a request to inform the Trading Rights Entitlement (TRE) Certificate holders accordingly. This move ensures transparency and adherence to regulatory requirements within the stock market.

Nimir Resins Limited, a notable entity in the chemical manufacturing sector, has witnessed significant trading activity, reflecting investor interest and market dynamics. The disclosure of this substantial transaction highlights the ongoing monitoring and compliance efforts within the corporate governance framework.