Karachi: Ghandhara Industries Limited, a notable entity on the Pakistan Stock Exchange, disclosed a substantial transaction executed by Ghandhara Automobiles Limited, a major shareholder. According to information available from the Pakistan Stock Exchange (PSX), the sale involved 250,000 shares at a price of PKR 426.24 each, carried out on January 9, 2024. This transaction was facilitated through the Central Depository Company (CDC) in the Ready market category.

The company has confirmed that these transactions will be reviewed in the upcoming board meeting. The board intends to address any non-compliance issues related to the transaction as mandated by PSX Regulations, particularly under clause No. 5.6.1(d). Furthermore, Ghandhara Industries has ensured compliance with the Securities Act of 2015, specifying that if the holding period for the shares was less than six months, any profit gained would be surrendered to the Securities and Exchange Commission of Pakistan (SECP) by depositing a corresponding cheque.

This proactive disclosure aligns with PSX's transparency requirements, underscoring Ghandhara Industries' commitment to regulatory compliance and shareholder communication.