Karachi: Shezan International Limited has disclosed a significant transaction involving its Non-Executive Director, Mr. Abid Nawaz, who has engaged in the sale of the company’s shares. The transaction details were released under the mandatory disclosure requirements of the Pakistan Stock Exchange (PSX) Rule Book.

According to the disclosure, Mr. Nawaz carried out a sale of 4,000 shares at a rate of Rs. 169.00 per share on May 7, 2025. The cumulative shareholding post-transaction stands at 129,243 shares, representing a 1.34% stake in the company. The shares sold were in the Central Depository Company (CDC) form, a standard for share transactions in the market.

Shezan International Limited has confirmed that this transaction will be reviewed in their upcoming Board meeting. Any non-compliance identified will be addressed in accordance with clause 5.6.1(d) of the PSX Regulations. The company emphasized adherence to regulatory requirements, ensuring that any profit from transactions executed within a six-month holding period would be directed to the Securities and Exchange Commission of Pakistan (SECP) as per Section 105 of the Securities Act, 2015.

According to information available from the Pakistan Stock Exchange (PSX), this disclosure is part of routine transparency measures that publicly traded companies must undertake to inform stakeholders of significant changes in shareholding by key personnel. The transaction’s completion and subsequent reporting highlight Shezan International Limited's commitment to maintaining regulatory compliance.

Members of the exchange have been duly informed of these developments, ensuring that all stakeholders are aware of the changes in shareholding by the company's director. The designated market category for Shezan International Limited remains unaffected by this transaction.