lahore: Packages Limited has disclosed a notable internal share transaction, as reported in a filing dated June 19, 2026. The transaction involves the transfer of shares by a key executive to a foundation closely associated with the company.
Syed Babar Ali, an executive at Packages Limited, executed a donation of 399,784 shares. The transfer, conducted on June 18, 2026, was marked at a rate of 0.00, indicating it was a non-monetary transaction. The shares were moved under the Central Depository Company (CDC) through a non-disclosed market (NDM) process.
According to information available from the Pakistan Stock Exchange (PSX), this transaction reflects a strategic move within the company's leadership and associated entities. The recipient of this donation, the Babar Ali Foundation, classified as a substantial shareholder, received the same number of shares, 399,784, increasing their cumulative holding to 10.77 million shares, representing a cumulative percentage of 12.05%.
This internal transfer highlights the organizational dynamics within Packages Limited, as executive management and affiliated entities realign their shareholdings without affecting the market valuation, given the donation-based nature of the transaction.