Lahore: Millat Tractors Limited, a prominent player in the tractor manufacturing industry, disclosed a series of share transactions executed by its Non-Executive Director, Sikandar Mustafa Khan. These transactions, dated November 25, 2025, were carried out under the guidelines of the Pakistan Stock Exchange (PSX) Regulation 5.6.4.
According to the disclosure, Sikandar Mustafa Khan engaged in multiple purchases of company shares, amounting to a total of 10,000 shares. The transactions were conducted on the ready market, with individual purchases ranging from 13 to 4,994 shares. The per-share rates varied slightly, between 505.00 and 506.50. Following these acquisitions, the cumulative number of shares held by Khan reached 18.58 million, maintaining a cumulative percentage of 9.31 of the company’s total shares.
The transactions were noteworthy, given the strategic importance of shareholding changes within the company. According to information available from the Pakistan Stock Exchange (PSX), such disclosures are mandated to ensure transparency and compliance with regulatory requirements. These transactions are set to be presented by the Company Secretary at the forthcoming Board of Directors meeting, as per the procedural norms.
Millat Tractors Limited emphasized adherence to the regulatory conditions, including the mandatory holding period for transactions, which should exceed six months. Any profits derived from transactions within a shorter period must be reported to the Securities and Exchange Commission of Pakistan (SECP) and reconciled accordingly.
The company’s commitment to compliance is further underscored by the requirement to update transaction details in the UIN Management System promptly. The adherence to these regulations ensures that no director, CEO, or executive engages in share dealings during closed periods, thereby maintaining the integrity of the trading environment.