Karachi: In a recent transaction involving EFU Life Insurance Limited, a significant sale of shares was executed by a member of the company's board. The details of this activity were disclosed in a statement dated November 4, 2025, highlighting the involvement of non-executive director Saifuddin N. Zoomkawala, who sold 30,000 shares at a rate of 149.96 each.

According to the company's announcement, the transaction took place on November 3, 2025, under the ready market category. This sale resulted in a cumulative shareholding of 444,617 shares for Mr. Zoomkawala, representing a 0.42% stake in the company. This percentage movement is classified as a minor move in terms of market activity.

According to information available from the Pakistan Stock Exchange (PSX), these transactions by directors, executives, or substantial shareholders, including their spouses and minors, necessitate prompt reporting and presentation at the subsequent board meeting. The company secretary is tasked with ensuring these details are submitted in alignment with regulatory requirements.

The regulations mandate that any such transactions must adhere to a holding period exceeding six months. Should the holding period be less, any profits generated must be deposited with the Securities and Exchange Commission of Pakistan (SECP), as stipulated under Section 105 of the Securities Act, 2015.

Furthermore, there are strict prohibitions against directors, CEOs, or executives engaging in share dealings during closed periods. EFU Life Insurance Limited is required to update these transactions in the Unique Identification Number (UIN) Management System available on the PUCARS Portal immediately to ensure compliance and transparency within the market.