Karachi: TPL Corp Limited has disclosed a series of significant share sales, conducted by a substantial shareholder, under the regulations of the Pakistan Stock Exchange (PSX). The transactions, aimed at raising financing through available UIN Limits of TPL Holdings (Private) Limited, were executed in early April 2025.

On April 4, 2025, TPL Corp Limited executed multiple transactions, selling a total of 2,498,000 shares at varying rates. The shares were sold at prices ranging from Rs. 10.91 to Rs. 10.99. These transactions included sales of 1,991,354 shares at Rs. 10.91, 500,700 shares at Rs. 10.92, 5,500 shares at Rs. 10.95, 1,000 shares at Rs. 10.97, and 1,446 shares at Rs. 10.99.

Subsequent sales were recorded on April 7, 2025, where an additional 2,500,000 shares were sold. The transactions on this date included sales of 1,980,000 shares at Rs. 10.13, 10,000 shares at Rs. 10.14, another 10,000 shares at Rs. 10.15, and 500,000 shares at Rs. 10.16.

According to information available from the Pakistan Stock Exchange (PSX), the cumulative shareholding of TPL Corp Limited post these transactions stands at 205,325,002 shares, which constitutes 36.59 percent of the company's total shares.

TPL Corp Limited clarified that the shares were sold to raise financing through a mechanism involving UIN Limits of TPL Holdings (Private) Limited, a group company. This action is intended to secure funds while adhering to the regulatory framework stipulated by the PSX.

The company's management affirmed that these transactions will be reviewed in an upcoming Board meeting. They will address any potential non-compliance issues in accordance with clause No. 5.6.4 of PSX Regulations and will report the findings to the Exchange.

The designated market category for these transactions is the Ready Market, with shares held in the Central Depository System (CDS) form.