Karachi: Clover Pakistan Limited has announced the sale of 4 million shares by its substantial shareholder, M/s. Fossil Energy (Private) Limited. This disclosure was made under Regulation No. 5.6.4 of the PSX Rule Book, according to a report dated August 31, 2026.

The transactions took place over two consecutive days, with 2 million shares sold on August 27, 2026, at a price of Rs 6.85 per share, and another 2 million shares sold on August 28, 2026, at Rs 6.83 per share. Both transactions were executed in electronic form through the Central Depository Company (CDC) and were classified as regular market sales.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are set to be reviewed and presented at the upcoming board meeting of Clover Pakistan Limited, as per the requirements of PSX regulations. The disclosure adds a layer of transparency to the activities of substantial shareholders within the company's governance framework.

Clover Pakistan Limited operates within a designated market category, with the transactions reflecting a strategic financial maneuver by M/s. Fossil Energy to adjust its holdings in the company. The sale of these shares follows the regulatory framework set by PSX to ensure orderly and fair disclosure of stock transactions.