Karachi: Habib Rice Product Limited has reported significant transactions involving shares held by key individuals associated with the company, as disclosed under Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transactions, executed by Non-Executive Director Gaffar A. Habib and his spouse, Nishat G. Habib, have been documented in accordance with regulatory requirements.
On November 13, 2025, Nishat G. Habib, the spouse of Gaffar A. Habib, executed a transaction classified under the ‘Other-Out’ category, involving the transfer of 2,301,916 shares through the Central Depository Company (CDC). This transaction resulted in a cumulative shareholding of zero for Nishat G. Habib, maintaining a cumulative percentage of 0.00%.
Simultaneously, Gaffar A. Habib, who serves as a Non-Executive Director of the company, recorded a transaction categorized as ‘Other-In’ on the same date. This transaction involved the acquisition of 2,301,916 shares through CDC, bringing his cumulative shareholding to 7,728,992 shares, representing 19.32% of the company. This transaction marks a very large or significant move in shareholding.
According to information available from the Pakistan Stock Exchange (PSX), these transactions will be presented by the company secretary at the forthcoming meeting of the Board of Directors. The details are required to be submitted via Form-30 of the Correspondence Manual through PUCARS.
It is essential to note that the holding period for these transactions is stipulated to exceed six months. Should the holding period be less than this duration, any profits realized must be deposited with the Securities and Exchange Commission of Pakistan (SECP) as mandated by Section 105 of the Securities Act, 2015, with due notification to the PSX.
Furthermore, during the closed period, no Director, CEO, or Executive is permitted to engage in any dealings with the company’s shares, either directly or indirectly. Habib Rice Product Limited is also required to update the requisite details in the UIN Management System promptly.