Substantial Shareholder Waves Corporation Limited Executes Major Stock Transactions

Lahore: Waves Home Appliances Limited has reported significant share transactions executed by its substantial shareholder, Waves Corporation Limited, according to a report dated August 6, 2026. The transactions, conducted under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, involve the buying and selling of a substantial number of shares in the company.

On July 30, 2026, Waves Corporation Limited, identified as a substantial shareholder, executed two major transactions involving the company's shares. In the first transaction, the shareholder purchased 15.28 million shares at a rate of 8.89 PKR each. This transaction increased their cumulative holding to 107.28 million shares, representing a cumulative percentage of 40.04% of the total shares.

Subsequently, on the same date, the substantial shareholder sold 15.28 million shares at a slightly lower rate of 8.80 PKR each. This sale reduced their cumulative holding to 92.00 million shares, bringing their cumulative percentage to 34.34% of the total shares.

According to information available from the Pakistan Stock Exchange (PSX), these transactions represent a very large or significant move in terms of percentage change in ownership. The company's market activities fall under the designated market category of home appliances.

These transactions are noteworthy, reflecting strategic decisions by the substantial shareholder, Waves Corporation Limited, influencing the company's shareholding structure.