Karachi: The Searle Company Limited recently disclosed important share transactions involving the spouse of a non-executive director, highlighting significant movements in the company's stock. On February 7, 2025, it was announced that Mrs. Mahboob Khan, the spouse of Adnan Asdar Ali, a non-executive director of The Searle Company Limited, executed two separate transactions involving the sale of company shares.

On January 24, 2025, Mrs. Mahboob Khan sold a total of 200,000 shares of The Searle Company Limited. The transactions were conducted in the ready market category, and the shares were sold through the Central Depository Company (CDC). In the first transaction, she sold 100,000 shares at a rate of 109.55, reducing her cumulative shareholding to 133,750 shares, representing approximately 0.03% of the company's total shares. In a subsequent transaction on the same day, she sold another 100,000 shares at a rate of 111.50, further decreasing her cumulative shareholding to 33,750 shares, which accounts for about 0.01% of the company's total shares.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are part of routine disclosures required under PSX Regulation 5.6.4, aimed at ensuring transparency and accountability in share dealings by company insiders, including directors and their immediate family members. The sales executed by Mrs. Mahboob Khan are in compliance with the regulatory framework governing share transactions by relevant persons in publicly listed companies.

The disclosure of such transactions is crucial for investors and stakeholders, providing insights into the trading activities of individuals closely associated with the company. It also reflects the company's commitment to maintaining transparency in its operations and adherence to regulatory standards governing the stock market and corporate governance practices.