Karachi: Kohat Textile Mills Limited disclosed a transaction involving its substantial shareholder, Saif Holdings Limited, which executed a sale of 5,000 shares. This transaction was reported under the Pakistan Stock Exchange Regulation 5.6.4, highlighting the ongoing compliance with regulatory requirements. The sale occurred on August 6, 2025, and the cumulative percentage of shares held by Saif Holdings Limited is noted as 73.59.
According to information available from the Pakistan Stock Exchange (PSX), the transaction is characterized as a minor move in terms of its impact on the share price. The procedure necessitates that such transactions are presented to the Board of Directors at their subsequent meeting, ensuring transparency and adherence to corporate governance standards.
The details were shared in accordance with the company's protocol, which mandates updates to the UIN Management System. This process underscores the importance of maintaining accurate records within the framework set by the Securities Act, 2015. Furthermore, the company's policy prohibits directors, CEOs, and executives from engaging in share dealings during closed periods, reinforcing the commitment to maintaining market integrity.