Karachi: National Foods Limited has disclosed that a transaction involving the purchase of shares by a non-executive director has taken place. According to a notice issued by the company dated March 26, 2025, the transaction was executed by Noreen Hasan, a non-executive director of the company, on March 25, 2025.

The transaction involved the acquisition of 12,000 shares at a rate of Rs. 214.40 per share. These shares, classified under the Central Depository Company (CDC) format, were acquired on the ready market. Following this transaction, the cumulative number of shares held by Ms. Hasan stands at 93,000, which translates to a cumulative percentage of 0.04% of the company’s total shares.

According to information available from the Pakistan Stock Exchange (PSX), the transaction will be reviewed in an upcoming board meeting, where any non-compliance issues, if present, will be addressed as per clause 5.6.4 of the PSX Regulations.

The company has also confirmed adherence to the Securities Act, 2015, ensuring that the holding period for the transaction exceeds six months. Should the holding period be less than six months, any profit derived would be deposited with the Securities and Exchange Commission of Pakistan (SECP) with due notification to the PSX.

This disclosure aligns with the market category regulations that require transparency in transactions executed by directors, executives, and substantial shareholders of listed companies.