SG Power Limited Director Sells Shares Worth 97,500.00 RS

Karachi: SG Power Limited has announced a notable transaction involving the sale of its shares by a key executive. On January 20, 2025, Mr. Sohail Ahmed, who serves as the Chief Executive and Director of the company, executed the sale of 10,000 shares at a rate of 9.75 RS per share. This transaction was conducted in the Central Depository Company (CDC) form.

According to information available from the Pakistan Stock Exchange (PSX), this transaction will be presented in the forthcoming Board meeting for consideration, as stipulated under clause 5.6.1 of PSX Regulations. The sale, amounting to a total value of 97,500.00 RS, marks a significant move by Mr. Ahmed within the energy sector, particularly given his dual role as both Chief Executive and Director.

SG Power Limited continues to operate within the designated market category of power generation and distribution, serving as a pivotal player in the energy landscape of Pakistan. The disclosure of this transaction is part of the company's commitment to maintaining transparency and adhering to regulatory obligations.