Karachi: TPL Corp Limited has reported significant share transactions conducted by its Executive Director, Muhammad Ali Lameel, involving the sale of more than 5 million shares. The disclosure was made under the Pakistan Stock Exchange (PSX) Regulation 5.6.4 and detailed in a recent company announcement dated May 18, 2026.
The transactions unfolded over four consecutive days starting from May 5, 2026, with Lameel selling a total of 5,004,696 shares. Initially, on May 5, 2026, he sold 2.50 million shares. The following day, May 6, 2026, saw an additional sale of 416,173 shares. This was continued on May 7, 2026, with the sale of 2,197,438 shares at a rate of 10.68 per share. The final transaction took place on May 8, 2026, where 848,085 shares were sold.
According to information available from the Pakistan Stock Exchange (PSX), the cumulative percentage of shares held by Muhammad Ali Lameel remained at 1.16% following these transactions. The series of sales represents a big move in the executive director’s shareholding in TPL Corp Limited.
These transactions were executed in the ready market under the Central Depository Company (CDC) form of share certificates. The designated market category for these transactions was ‘Ready.’
This disclosure provides insight into the shareholding changes within the company, reflecting the executive director’s decision to decrease his stake in TPL Corp Limited.