Karachi: TPL Insurance Limited has disclosed a significant transaction involving its substantial shareholder, TPL Corp Limited, in accordance with the Pakistan Stock Exchange (PSX) regulations. This development was officially communicated as part of the company's compliance with disclosure requirements.

On June 25, 2025, TPL Corp Limited executed a purchase transaction of 500,000 shares of TPL Insurance Limited at a rate of Rs. 10 per share. The shares were acquired in the Central Depository System (CDS) through the Negotiated Deal Market (NDM). This transaction has increased TPL Corp Limited's cumulative shareholding in TPL Insurance Limited to 106.89 million shares, representing a 53.87% stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), such transactions are subject to scrutiny and must be presented at the subsequent Board meeting of TPL Insurance Limited. The meeting will address any non-compliance issues in accordance with clause No. 5.6.4 of the PSX Regulations.

The transaction by TPL Corp Limited is classified as a very large or significant move given its impact on the shareholder's stake in TPL Insurance Limited. This development falls under the designated market category of substantial shareholder transactions, a crucial aspect of corporate governance and transparency within listed companies on the PSX.