Karachi: Sitara Chemical Industries Limited has announced a notable transaction involving its Executive Director, Mr. Muhammad Adrees, according to a disclosure made under the regulations of the Pakistan Stock Exchange (PSX). The transaction, dated December 15, 2025, was classified as a "gift in" and involved the transfer of 313,400 shares.

The shares, which were transferred through the Central Depository Company (CDC), were valued at a rate of 0.00, indicating that the transaction was executed as a gift. Following this transaction, the cumulative number of shares held by Mr. Adrees stands at 13.95 million, representing a 65.10% stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), such transactions by directors, executives, or substantial shareholders, including those involving their spouses and minors, are required to be presented at the subsequent Board of Directors meeting. The necessary documentation must be submitted via Form-30 as per the Correspondence Manual through PUCARS.

The disclosure also outlined compliance requirements, including a mandatory holding period of six months for such transactions. Should the transaction occur within this period, any profit must be deposited with the Securities and Exchange Commission of Pakistan (SECP) as stipulated under Section 105 of the Securities Act, 2015.

Furthermore, the announcement emphasized that no Director, CEO, or Executive is permitted to deal in the company's shares during a closed period. Sitara Chemical Industries Limited is obligated to promptly update the relevant information in the UIN Management System following any such transactions.