Lahore: In a recent disclosure under Pakistan Stock Exchange (PSX) Regulation 5.6.4, Beco Steel Limited announced that its Executive Director, Muhammad Ali Shafique Ch, has executed a substantial transaction involving the company's shares. This transaction was reported in accordance with the company's obligation to disclose interests held by its directors, executives, and substantial shareholders.

According to the report dated August 17, 2026, Muhammad Ali Shafique Ch sold a significant number of shares on August 13, 2026. The transaction involved the sale of 60,000,000 shares at a rate of 4.22 per share, conducted through the Central Depository Company (CDC) via the Negotiated Deal Market (NDM).

The sale of these shares has brought the cumulative number of shares held by Muhammad Ali Shafique Ch to 460.95 million, representing a cumulative holding of 36.89%. According to information available from the Pakistan Stock Exchange (PSX), this transaction reflects a very large or significant move in terms of percentage change, given the substantial volume of shares involved.

The declaration of this transaction aligns with the regulatory requirements set by the PSX, ensuring transparency and compliance in the reporting of share dealings by relevant persons within the company. The market category for this transaction was noted under NDM, as per the PSX classification.