Karachi: Waves Home Appliances Limited has disclosed a series of significant share transactions executed by its substantial shareholder, Waves Corporation Limited, during the month of October, as per a report dated October 20, 2026. The transactions were conducted in compliance with the Pakistan Stock Exchange (PSX) regulations.
According to the details provided, on October 8, 2026, Waves Corporation Limited executed multiple transactions. Initially, the substantial shareholder sold 2.42 million shares at a rate of 8.08, reducing its cumulative shareholding to 80.99 million shares, representing 30.24% of the company's shares. Simultaneously, a purchase of an identical number of shares was executed at a slightly higher rate of 8.09 through the NDM market, which increased the shareholding to 83.42 million shares or 31.14%.
Further on the same day, a right offer was exercised, resulting in the acquisition of 51.52 million shares at a rate of 10.00, significantly increasing the cumulative shareholding to 134.94 million shares, equating to 42.25% ownership. Following this, a sale of 20.00 million shares was conducted at a rate of 7.50, reducing the shareholding to 114.94 million shares, or 35.99%. Another sale of 2.42 million shares at 8.08 decreased the cumulative shares to 112.52 million, accounting for 35.23%.
On October 9, 2026, the transactions continued with the sale of 810,723 shares at 7.93, reducing the holding to 111.71 million shares, representing 34.97%. This was accompanied by a purchase of 810,000 shares at a rate of 8.09, which slightly increased the shareholding to 112.51 million shares or 35.22%. Another sale of 810,723 shares at 7.93 followed, maintaining the shareholding at 111.70 million shares or 34.97%.
The series of transactions extended to October 12, 2026, with further sales of 2.58 million shares each at a rate of 7.80. These resulted in a cumulative shareholding of 109.12 million shares, representing 34.16%, and subsequently reduced to 106.53 million shares, or 33.35%, after the transactions.
According to information available from the Pakistan Stock Exchange (PSX), these transactions reflect strategic adjustments by Waves Corporation Limited in their shareholding within Waves Home Appliances Limited. The financial market category for these transactions is unequivocally designated under the ready and NDM market categories, executed through the CDC.
The movements in shareholding percentages, as detailed in the disclosure, underscore the dynamic nature of shareholder positions within the company's stock framework and highlight the significance of regulatory compliance in maintaining transparency.