Karachi: Saif Power Limited announced a significant transaction involving its Non-Executive Director, Mr. Osman Salfullah Khan, according to details released on August 13, 2025. The transaction was disclosed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, which mandates transparency in shareholding of directors, executives, and substantial shareholders.

According to the disclosure, Mr. Osman Salfullah Khan executed a transaction involving 50,000 shares of Saif Power Limited on May 12, 2025. The transaction was categorized under the market's ready segment and marked a significant move in the company's shareholding pattern. This change results in Mr. Khan's cumulative shareholding reaching 11.52 million shares, representing 2.94% of the total shares.

The disclosure emphasized compliance with regulatory requirements as outlined in the Securities Act, 2015. It highlighted that any transaction executed by directors, executives, or substantial shareholders must be presented at the subsequent Board of Directors meeting. Additionally, if the holding period of the transaction is less than six months, any profit earned must be deposited with the Securities and Exchange Commission of Pakistan (SECP).

According to information available from the Pakistan Stock Exchange (PSX), the company is required to promptly update the details in the Unique Identification Number (UIN) Management System. This transaction underscores the importance of transparency and regulatory adherence in corporate governance within the designated market category.

The company also noted the restriction on directors, CEOs, and executives regarding dealings in the company's shares during the closed period, ensuring compliance with established protocols.