Karachi: Reliance Weaving Mills Limited has reported recent transactions involving its directors, which are slated for review at the forthcoming board meeting. On September 10, 2026, transactions executed by high-ranking company officials were disclosed, in compliance with Clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations.

Mr. Faisal Ahmed, serving as both Director and CEO, executed a gift out transaction involving 3,927,928 shares. These shares, held in Central Depository Company (CDC) form, were transferred on the market date of September 10, 2026. This transaction left Mr. Ahmed with a cumulative holding of 1,965,215 shares, which amounts to 6.38% of the company's shares.

Conversely, Mr. Muhammad Fazeel Mukhtar, another director of the company, received a gift in transaction of 1,962,714 shares, also in CDC form on the same date. Following this transaction, Mr. Mukhtar's shareholding adjusted to a total of 1,965,214 shares, representing 6.38% of the company's shares.

According to information available from the Pakistan Stock Exchange (PSX), the remaining shares have been gifted out to another family member who does not hold a beneficial ownership in the company. As per the PSX regulations, these transactions will be examined during the upcoming board meeting, with necessary updates to be made in the UIN Management System.

Reliance Weaving Mills Limited operates within the textile manufacturing sector, which is a designated market category for the company. The transactions represent significant internal movements of shares, reflecting the ongoing management and strategic decisions within the company.