Karachi: Power Cement Limited (PCL) has announced a significant transaction involving its Chief Executive Officer, Mr. Muhammad Kashif. According to a disclosure made in compliance with clause 5.6.4 of the Pakistan Stock Exchange (PSX) regulations, Mr. Kashif has acquired a substantial number of preference shares in the company.

The transaction, executed on June 30, 2025, involved the purchase of 16,695,831 preference shares at a rate of Rs. 17.17 per share. This acquisition was conducted through the Central Depository Company (CDC) under the Negotiated Deal Market (NDM) category. Following this transaction, Mr. Kashif's total holdings amount to 17,299,139 preference shares and 2,623,082 ordinary shares, representing 1.46% of PCL's total share capital.

According to information available from the Pakistan Stock Exchange (PSX), this move by Mr. Kashif classifies as a very large or significant move due to the sheer volume and impact on the company's share structure. The company's forthcoming board meeting will consider this transaction, as stipulated under the PSX regulations, and confirmation of the transaction will be communicated to the PSX subsequently.

Power Cement Limited falls under the designated market category of the construction and materials sector, which frequently observes substantial market activities such as the one reported. The details of this transaction have been released to ensure transparency and adherence to regulatory requirements.