Lahore: Shahzad Textile has announced a transaction involving its Non-Executive Director, Mrs. Nazish Imran, who executed a sale of shares on August 5, 2025. This information was disclosed in accordance with Pakistan Stock Exchange (PSX) Regulations 54.4, as the company continues to adhere to transparency and regulatory obligations.
According to the disclosure, Mrs. Nazish Imran sold 7,233 shares at a rate of 52.82 per share. This transaction resulted in a cumulative shareholding of 227,607 shares, representing a minor move in terms of percentage change. The sale was conducted through the Central Depository Company (CDC) under the ready market category.
Shahzad Textile has committed to presenting this transaction in an upcoming board meeting, where any potential non-compliances will be highlighted for consideration. This aligns with the requirement under Clause No. 5.6.4 of PSX Regulation, ensuring that the board is informed of significant shareholding changes.
This disclosure is part of Shahzad Textile's regular reporting to the PSX and demonstrates compliance with market regulations. According to information available from the Pakistan Stock Exchange (PSX), such disclosures are integral to maintaining market integrity and investor confidence.
The company's adherence to these regulatory frameworks is crucial in sustaining its reputation among shareholders and stakeholders, as it continues to operate within the textile industry.