Lahore: S.S. Oil Mills Limited has disclosed a recent transaction involving one of its independent directors as required under the Pakistan Stock Exchange regulation 5.6.4. The information was made public through official communication from the company.
According to the details provided, Hassan Javed, an independent director at S.S. Oil Mills Limited, executed a sell transaction involving 6,000 shares of the company. The transaction was carried out in the ready market on July 14, 2025. The shares were sold at a rate of 1,000.68 per share. Following this transaction, Mr. Javed's cumulative shareholding stands at 500, which represents an insignificant portion of the company's total shares.
The Pakistan Stock Exchange regulation mandates that any transactions carried out by directors, executives, substantial shareholders, and their immediate family members must be disclosed to ensure transparency and maintain investor confidence. According to information available from the Pakistan Stock Exchange (PSX), such disclosures are crucial for monitoring potential conflicts of interest and ensuring compliance with market regulations.
This transaction is categorized as a big move based on the scale of percentage change in the price. The disclosure of such transactions is part of the company's commitment to upholding regulatory standards as outlined by the PSX.