Karachi: Honda Atlas Cars (Pakistan) Limited has officially notified the Pakistan Stock Exchange of a significant share transaction involving one of its top executives. According to information available from the Pakistan Stock Exchange (PSX), Mr. Muhammad Sattar Anjum, an executive at the company, sold 300 shares on October 17, 2024. The shares were sold at a price of Rs. 263.5 per share, totaling approximately Rs. 79.05 million. The transaction was conducted through a stock broker, using the Central Depository Company (CDC) system for the share certificates.

This transaction falls under Regulation No. 5.6.1(d) of the Listing of Companies and Securities Regulations at the PSX, which mandates timely disclosure of such transactions to ensure transparency and maintain investor confidence in the market. The disclosure is part of the standard compliance procedure to inform both the stock exchange and the shareholders about significant trading activities by the company's insiders.

Honda Atlas Cars has made it a point to ensure that all procedural guidelines were followed during this transaction, underscoring the company's commitment to governance and regulatory compliance.