Karachi: TPL Corp Limited announced a significant divestment by its substantial shareholder, TPL Holdings (Private) Limited, as disclosed in a regulatory filing on November 12, 2025. The disclosure was made under clause 5.6.4 of the Pakistan Stock Exchange (PSX) regulations, highlighting the sell-off of shares executed earlier in the month.

The transactions, occurring over a series of dates, saw TPL Holdings (Private) Limited divesting a total of 7,091,892 shares. On November 5, 2025, the shareholder sold 3,250,000 shares at a rate of Rs. 7.41 per share through the Central Depository System (CDS) in the regular market. An additional 1,500,000 shares were sold the same day at Rs. 7.50 per share, executed in the Non-Deliverable Market (NDM).

Further transactions included the sale of 1,100,000 shares on November 6, 2025, at Rs. 7.32 per share, and 1,241,892 shares on November 10, 2025, at Rs. 7.19 per share, both conducted via the regular market. The current shareholding of TPL Holdings post these transactions stands at 129.74 million shares, representing 48.54% of TPL Corp Limited’s total shares.

According to information available from the Pakistan Stock Exchange (PSX), these transactions will be reviewed at the forthcoming Board meeting of TPL Corp Limited. Any noncompliance with the PSX regulations will be duly highlighted and addressed as required.

The designated market category for these transactions is the regular market, except for the 1.5 million shares sold in the NDM. The series of sales by TPL Holdings collectively represent a very large or significant move, given the substantial volume of shares divested.