Lahore: Fast Cables Limited has announced a recent transaction executed by its Chief Executive Officer, Muhammad Sharjeel, involving the sale of shares in the company. The disclosure, required under the Pakistan Stock Exchange (PSX) Regulations, details the transaction that took place on June 30, 2025.

According to the disclosure, Muhammad Sharjeel sold 14,500 shares at a rate of 25.42 per share. The transaction was carried out in the ready market and involved Central Depository Company (CDC) certificates. The company has assured that this transaction will be reviewed in an upcoming board meeting, where any potential non-compliance will be highlighted for consideration, in accordance with the stipulations of clause No. 5.6.1.(d) of PSX Regulations.

The transaction’s holding period exceeded six months. Fast Cables Limited confirmed that any profits from transactions conducted within a six-month period would be deposited with the Securities and Exchange Commission of Pakistan (SECP) as mandated by Section 105 of the Securities Act, 2015. The company will inform the PSX accordingly.

According to information available from the Pakistan Stock Exchange (PSX), the sale of shares by the CEO is part of regulatory compliance and transparency efforts. Fast Cables Limited continues to adhere to the required regulations, ensuring that all transactions by executives and substantial shareholders are properly disclosed and reviewed.

This development falls under the designated market category of disclosure by directors, CEOs, or executives of listed companies and their substantial shareholders. The company remains committed to maintaining transparency and compliance with all regulatory requirements, as emphasized in its recent communication.