Karachi: TPL Properties Limited has reported a notable transaction involving its Director, Muhammad Ali Jameel, which occurred on October 10, 2025. The transaction details were disclosed under the Pakistan Stock Exchange (PSX) regulations, specifically concerning the disclosure of interest by directors, CEOs, executives, and their spouses, as well as substantial shareholders.
According to the report, Muhammad Ali Jameel executed a sell transaction involving 950,000 shares at a rate of Rs. 11.95 per share. This transaction was conducted in the ready market, with the shares held in the Central Depository System (CDS) form. The sale resulted in a shareholding of 39.81 million shares, accounting for 7.10% of the company’s total shares.
The transaction will be presented at the upcoming Board meeting, where any noncompliance issues, if present, will be duly highlighted for consideration. According to information available from the Pakistan Stock Exchange (PSX), such disclosures are mandatory under clause No. 5.6.4 of PSX Regulations.
The market’s response to this transaction will be closely monitored, given its scale and potential implications for TPL Properties Limited.