Karachi: National Foods Limited disclosed a recent transaction involving the purchase of company shares by one of its executives, according to a filing with the Pakistan Stock Exchange (PSX). The transaction, executed on October 30, 2025, involved Mal Ahmed, who is identified as an executive within the company.
The disclosure, mandated under PSX Regulation 5.6.0, revealed that the executive acquired 1,300 shares at a rate of 388.371300 per share. The acquisition did not alter the cumulative percentage of shares held, maintaining a status of 0.00%, indicating no change in the overall ownership stake as per the regulatory classification.
According to information available from the Pakistan Stock Exchange (PSX), such transactions by company directors, executives, or substantial shareholders are subject to a presentation at the subsequent Board of Directors meeting. This measure ensures adherence to regulatory standards and transparency in share dealings within listed companies.
The company's disclosure also highlighted procedural requirements, including the submission of transaction extracts through Form-30 and compliance with the Securities Act, 2015. Notably, any profit from transactions within a six-month holding period must be deposited with the Securities and Exchange Commission of Pakistan (SECP), underscoring regulatory oversight on share dealings to prevent misuse of insider information. Additionally, it was emphasized that no director, CEO, or executive is permitted to engage in share transactions during a closed period.