Karachi: First Elite Capital Modaraba has disclosed recent share transactions by a non-executive director, as per the Pakistan Stock Exchange regulations. On August 18, 2025, the company announced that Muhammad Javed Amin, a non-executive director, executed two sales of shares.

The first transaction occurred on June 13, 2025, when Mr. Amin sold 6,100 shares at a rate of 25.00 per share. Following this sale, his cumulative shareholding in the company stood at 713,110 shares, representing 6.29% of the company's shares. The second transaction took place on August 15, 2025, involving the sale of 5,000 shares at a rate of 25.02 per share, reducing his cumulative shareholding to 708,110 shares, or 6.24% of the total shares. Both transactions were categorized as a minor move in terms of percentage change in price.

According to information available from the Pakistan Stock Exchange (PSX), these transactions were executed in the ready market, and the form of share certificates used was CDC. The company statement notes that the transactions were conducted by relevant persons, including directors, CEOs, executives, substantial shareholders, their spouses, and minors.

The disclosure follows the PSX Regulation 5.5.4, which mandates transparency in transactions undertaken by significant personnel of the company. It was emphasized that the company secretary is obligated to present these transactions at the subsequent board meeting and submit extracts of the minutes as required. The regulation also stipulates that any profit generated from transactions conducted within a six-month holding period must be deposited with the Securities and Exchange Commission of Pakistan (SECP) under the Securities Act, 2015.

Furthermore, the company is required to update these details immediately in the UIN Management System. It was also noted that no director, CEO, or executive is permitted to engage in share dealings during a closed period.