Karachi: Waves Corporation Limited has announced a notable transaction involving its non-executive director, Nighat Haroon Khan, according to a report filed on November 2, 2026. The disclosure, made under section 5.6.1.(d) of the Pakistan Stock Exchange (PSX) Regulations, details the movement of company shares by a key corporate figure.

On October 21, 2026, Nighat Haroon Khan executed a transaction characterized as "GIFT OUT" involving 7,511,024 shares. The shares were transferred through the Central Depository Company (CDC) with a rate of 0.00, indicating a transfer without financial consideration. This transaction results in a cumulative holding of 12,259,887 shares, representing a 4.36% stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), the move signifies a very large or significant change in the director's shareholding position, reflecting a strategic decision within the corporate governance of Waves Corporation Limited. The transaction is noteworthy given the scale and percentage of shares involved, highlighting the ongoing dynamics within the company's shareholder structure.

Waves Corporation Limited is categorized under the designated market category of the Pakistan Stock Exchange, and such disclosures are part of the corporate transparency and regulatory compliance measures required by the exchange. The transaction by Nighat Haroon Khan provides insights into the internal movements and decisions influencing the company's broader market standing.