Karachi: S.G. Power Limited has announced a significant transaction involving the sale of shares by its Chief Executive and Director, Mr. Sohail Ahmed. On January 17, 2025, Mr. Ahmed executed the sale of 25,000 shares at a rate of Rs. 9.51 each, as disclosed by the company. This transaction was carried out in the Central Depository Company (CDC) form of shares.
The sale of these shares will be presented and reviewed in the upcoming Board meeting, as mandated by clause 5.6.1 of the Pakistan Stock Exchange (PSX) Regulations. According to information available from the Pakistan Stock Exchange (PSX), transactions of such nature require thorough consideration and approval from the Board to ensure compliance with regulatory standards.
S.G. Power Limited operates within the designated market category of energy production and distribution. The company's adherence to PSX regulations underscores its commitment to transparency and regulatory compliance in its operations.