Karachi: Recent disclosures from Millat Tractors Limited have revealed share transactions by key non-executive directors in compliance with Pakistan Stock Exchange (PSX) regulations. These purchases, conducted on October 31, 2025, were reported under the PSX Regulation 5.6.4, which mandates transparency in such dealings.
According to the disclosure, Sikandar Mustafa Khan, a Non-Executive Director, executed two separate transactions involving the purchase of shares in the company. The first transaction saw Khan acquiring 100 shares at a rate of 497.99 per share, bringing his cumulative holdings to 18.57 million shares, which represents 9.31% of the company. In a subsequent transaction on the same day, Khan purchased an additional 400 shares at 498.00 per share, maintaining his cumulative percentage at 9.31%.
Meanwhile, Muhammad Mustafa Khan, also a Non-Executive Director, engaged in two transactions. He initially purchased 343 shares, followed by another acquisition of 721 shares. Both transactions were executed at average rates of 497.99 and 498.00 per share, respectively. This activity reflects a 1.12% stake in the company.
According to information available from the Pakistan Stock Exchange (PSX), these purchases are consistent with regulatory requirements ensuring that such transactions are reported and presented at the subsequent Board of Directors meeting. This is aligned with corporate governance practices, which demand transparency and accountability from company insiders.
The transactions have been documented and will be presented by the Company Secretary to the Board, with details to be submitted via Form-30 as per the PSX Correspondence Manual. The company has also taken steps to update its records within the UIN Management System, ensuring compliance with Section 105 of the Securities Act, 2015. This act requires that any profit gained from sales within six months be returned to the Securities and Exchange Commission of Pakistan (SECP).
In the designated market category, these transactions are part of the company’s ongoing commitment to transparency and adherence to regulatory stipulations, reflecting a structured approach towards insider trading protocols.