Lahore: Suraj Cotton Mills Limited has disclosed recent transactions involving its Executive Director, Adil Bashir, in compliance with the Pakistan Stock Exchange (PSX) regulations. These transactions were executed in mid-November, according to a notification issued by the company dated November 19, 2025.
As per the detailed disclosure, Adil Bashir, an Executive Director at Suraj Cotton Mills, purchased a total of 21,668 shares over two consecutive days. On November 17, 2025, Bashir acquired 11,752 shares, followed by an additional purchase of 9,916 shares on November 18, 2025. This activity was conducted through the Central Depository Company (CDC) in the ready market.
The purchases have increased Bashir’s cumulative shareholding to 7.20% following the first transaction and 7.22% after the second. According to information available from the Pakistan Stock Exchange (PSX), these transactions are categorized as minor moves in terms of percentage shareholding change.
The transactions were executed in alignment with PSX Regulation 5.6.4, which mandates that any trades by directors, executives, substantial shareholders, and their immediate family members must be reported and presented to the board of directors. The company secretary is tasked with presenting these transactions at the next board meeting, and the details are to be recorded in the minutes, subsequently submitted through Form-30 of the Correspondence Manual via the PUCARS system.
Furthermore, the regulation stipulates a holding period of over six months for such transactions. If the transactions occur within a shorter timeframe, any profit realized must be surrendered to the Securities and Exchange Commission of Pakistan (SECP), as per Section 105 of the Securities Act, 2015. The company is also required to update its records in the UIN Management System promptly.
This regulatory compliance ensures transparency and adherence to governance standards in the dealings of Suraj Cotton Mills’ executives.