Lahore: Mitchells Fruit Farms Limited disclosed a share transaction involving a non-executive director, as per the requirements of the Pakistan Stock Exchange (PSX) Regulation 5.6.9. The transaction was reported on November 25, 2025, and involved Mr. Redeem Bin Avalid Sheikh, a non-executive director of the company.
According to the company’s disclosure, Mr. Sheikh executed the transaction on November 20, 2025, acquiring shares through the Central Depository Company (CDC) market. The nature of this transaction was a purchase, involving a total of 600 shares. The rate per share was documented at 194.00600, bringing Mr. Sheikh’s cumulative shareholding to a percentage of 0.03.
According to information available from the Pakistan Stock Exchange (PSX), the transaction aligns with the regulatory requirements for disclosure by directors, executives, and substantial shareholders, including their spouses and minors. The company is obligated to present such transactions at the subsequent board meeting, with extracts of the minutes submitted via Form-30 through PUCARS.
It is noteworthy that the transaction’s holding period must exceed six months, or else any profits generated within a shorter period are required to be deposited with the Securities and Exchange Commission of Pakistan (SECP) as per Section 105 of the Securities Act, 2015. Additionally, no director, CEO, or executive is allowed to transact in company shares during a closed period.
Mitchells Fruit Farms Limited is also responsible for updating the relevant details in the Unique Identification Number (UIN) Management System promptly following the transaction.