Karachi: Telecard Limited has reported a substantial transaction involving its shares, executed by Societe Generale Pvt. Limited, a notable shareholder. The transaction, disclosed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, was detailed in a company announcement dated October 13, 2025.

The transaction occurred on October 9, 2025, involving the purchase of 500,000 shares at a rate of 9.75 per share. Following this acquisition, Societe Generale Pvt. Limited’s cumulative shareholding in Telecard Limited has risen to 50.09 million shares, representing a cumulative percentage of 14.79%.

According to information available from the Pakistan Stock Exchange (PSX), the transaction is classified as a significant move based on its nature and volume. The disclosure emphasizes compliance protocols, ensuring that such transactions are presented by the Company Secretary during the Board of Directors’ meetings.

Further notes from the disclosure highlight the procedural requirements for such transactions, including the mandatory holding period of over six months. Transactions executed within this period necessitate depositing any profit equivalent to the Securities and Exchange Commission of Pakistan (SECP) under Section 105 of the Securities Act, 2015.

The announcement also reiterated the prohibition of Directors, CEOs, or Executives from engaging in share dealings during closed periods, underscoring the company’s commitment to regulatory compliance. Additionally, the company must update the relevant details in the UIN Management System immediately following the transaction.