Karachi: In a recent transaction on September 9, 2026, Mahjabeen Obaid, a non-executive director of Towellers Limited, executed a sale of shares in the company. According to the report dated September 10, 2026, the disclosure was made in compliance with Pakistan Stock Exchange (PSX) Regulation 5.6.4, which mandates the disclosure of interest by relevant persons holding the company's shares.

Mahjabeen Obaid transacted a total of 120,905 shares at a rate of 220.37 per share in the ready market. The transaction comes as part of the ongoing regulatory requirement to disclose such movements by directors, executives, and substantial shareholders, including their spouses and minors.

According to information available from the Pakistan Stock Exchange (PSX), Mahjabeen Obaid's shareholding post-transaction now stands at 2.53 million shares, representing 14.86% of the cumulative shareholding in Towellers Limited. This represents a big move in the context of her overall holdings.

The designated market category for this transaction was the ready market, a segment known for its immediate settlement characteristics. The transaction reflects the dynamic nature of shareholding adjustments among key stakeholders within publicly traded companies.