Karachi: In a series of transactions disclosed by First Elite Capital Modaraba, substantial shareholders and close associates have acquired additional shares in the company, as per the requirements under PSX Regulation 5.6.4. The transactions, executed by influential figures connected to the company, were reported to the Pakistan Stock Exchange (PSX) recently.

On May 8, 2025, Nauman Rathore, a substantial shareholder, acquired 23,062 shares at a rate of 18.70 per share. This transaction increased his cumulative shareholding to 5,444,722 shares, representing a 48.01% stake in the company. Rathore's purchase highlights a significant increase in his investment, reinforcing his position as a major stakeholder in the company.

The same day, Ayesha Aslam, the spouse of Sheikh Muhammad Ali Asif, who is an independent director of the company, purchased 10 shares at a rate of 20.50 per share. Her cumulative shareholding rose to 50 shares, although this represents a negligible percentage of the total shares.

On the following day, May 9, 2025, Ayesha Aslam acquired an additional 10 shares at a rate of 20.06 per share, bringing her total shareholding to 60 shares. Despite the small number of shares, these transactions maintain transparency in compliance with regulatory requirements.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are part of the designated market category. The timely disclosure of these transactions underscores the importance of regulatory compliance for individuals holding significant or influential stakes in publicly traded companies.

The detailed disclosures serve as a vital mechanism for maintaining market transparency and investor confidence, ensuring that stakeholders remain informed about changes in the ownership structure of publicly traded entities.