Karachi: Telecard Limited, a publicly listed company, has disclosed a significant transaction involving its shares, as per the requirements of the Pakistan Stock Exchange regulations. On October 8, 2025, the company announced that Societe Generale Pvt. Limited, a substantial shareholder in Telecard Limited, executed a share sale transaction.
The transaction took place on September 30, 2025, with Societe Generale Pvt. Limited selling 500,000 shares at a rate of 9.55 per share. This sale brought the cumulative number of shares held by Societe Generale Pvt. Limited to 50,587,046, representing a cumulative percentage of 14.94% of the company’s shares.
According to information available from the Pakistan Stock Exchange (PSX), this transaction is categorized under the designated market category of ‘Ready’. The movement in the cumulative percentage shares following this transaction indicates a very large or significant move in the shareholder’s position within the company.
The company’s disclosure follows strict compliance protocols as outlined by the PSX Regulation 5.6.4, which mandates that such transactions executed by directors, CEOs, executives, or substantial shareholders, as well as their spouses and minors, must be reported promptly. The details of these transactions are to be presented by the Company Secretary in the subsequent meeting of the Board of Directors and communicated through the appropriate channels.
Additionally, it is noted that the holding period for these transactions must exceed six months. If the holding period is less than six months, any profit from the transaction must be deposited with the Securities and Exchange Commission of Pakistan (SECP) in accordance with Section 105 of the Securities Act, 2015, with due notification to the PSX.
Telecard Limited has also been instructed to update the necessary details in the UIN Management System without delay, ensuring compliance with all regulatory requirements.