Karachi: The Pakistan Stock Exchange (PSX) recently disclosed a transaction involving Javedan Corporation Limited’s Executive Director, Abdus Samad Habib, who executed a sale of shares in the company. The transaction, as per PSX Regulation 5.6.4, was conducted on August 19, 2025, and involved the sale of 10,000 shares in the ready market.

According to information available from the Pakistan Stock Exchange (PSX), the cumulative number of shares held by Mr. Habib post-transaction stands at zero. The sale was executed at a market rate of 79.50 per share.

This development necessitates presentation by the Company Secretary at the forthcoming Board of Directors meeting. The transaction’s compliance with regulatory obligations, such as the holding period and the prohibition on trading during closed periods, is emphasized, ensuring adherence to Section 105 of the Securities Act, 2015.

The company is required to update these details in the UIN Management System promptly, maintaining transparency and regulatory compliance in line with PSX guidelines.