Karachi: First Elite Capital Modaraba has announced a significant transaction involving one of its non-executive directors. On November 10, 2025, the company disclosed that Muhammad Javed Amin, a non-executive director, executed a sale of shares on November 6, 2025. The transaction involved the sale of 16,753 shares at a rate of 28.11 per share, bringing his cumulative total to 83,748 shares, representing a 4.27% shareholding.

According to information available from the Pakistan Stock Exchange (PSX), this transaction will be presented by the Company Secretary at the next meeting of the Board of Directors. The board will review these transactions as mandated by PSX Regulation 5.6.4, which oversees disclosures of interest by relevant persons holding company shares. This regulation ensures transparency and compliance with corporate governance standards.

The disclosure also highlighted procedural requirements, including the stipulation that such transactions must be held for over six months, failing which any profit needs to be deposited with the Securities and Exchange Commission of Pakistan (SECP) as per the Securities Act, 2015. Additionally, the company must update the UIN Management System with these details immediately.

No direct or indirect dealings by the directors, CEO, or executives are allowed in the company's shares during a closed period, ensuring that all trading activities are conducted within the regulatory framework.