Karachi: Treet Battery Limited has disclosed recent transactions conducted by its substantial shareholders, in accordance with section 5.6.1(d) of the Pakistan Stock Exchange (PSX) Regulations. According to information available from the Pakistan Stock Exchange (PSX), Treet Corporation Limited, a major shareholder, executed two significant sales of company shares. On August 23, 2024, Treet Corporation sold 1,791,726 shares at a rate of 18.98 PKR per share, and on August 26, 2024, an additional 127,918 shares were sold at 18.10 PKR per share. Both transactions were processed in the Ready Market through CDC (Central Depository Company) share certificates.

The company has confirmed that these transactions will be reviewed in the upcoming board meeting to address any potential non-compliance issues. Additionally, Treet Battery Limited has verified that the holding period for these transactions exceeded six months. In cases where transactions occur within six months, the company is required to deposit a cheque equivalent to the profit with the Securities and Exchange Commission of Pakistan (SECP), as mandated by Section 105 of the Securities Act, 2015, and notify the PSX accordingly.