Karachi: On April 1, 2026, Waves Corporation Limited disclosed a series of share transactions executed by its executive and non-executive directors. The transactions were carried out under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, involving significant share movements among the company's key personnel.

According to official records, Haroon Ahmad Khan, an Executive Director of Waves Corporation Limited, engaged in multiple share activities. On March 25, 2026, Khan executed a "GIFT OUT" transaction involving 3.00 million shares, leaving him with a cumulative total of 96.20 million shares, equating to 34.18% of the company's shares. Shortly thereafter, Nighat Haroon Khan, a Non-Executive Director, received the same number of shares as a "GIFT IN," resulting in a cumulative shareholding of 16.77 million shares, or 5.69%.

Subsequent transactions occurred on March 30, 2026. Haroon Ahmad Khan bought 8.00 million shares at a rate of 9.28, increasing his holdings to 104.20 million shares, a 37.02% stake. However, a sell-off of an equal number of shares at a slightly lower rate of 9.18 followed, reverting his cumulative shares back to 96.20 million, maintaining a 34.18% stake.

Similarly, Nighat Haroon Khan mirrored this pattern with a purchase of 4.04 million shares at the rate of 9.28, raising her total to 20.81 million shares, or 7.39% of the shares. She then sold the same number of shares at 9.18, returning to her former position of 16.77 million shares, maintaining a 5.69% stake.

Furthermore, MZA Ahmad Khan, another Executive Director, bought 3.70 million shares at the rate of 9.28, raising his shareholding to 7.94 million shares, a 2.82% stake. He subsequently sold the same quantity of shares at 9.18, reducing his total to 4.24 million shares, equating to 1.50%.

According to information available from the Pakistan Stock Exchange (PSX), these transactions reflect strategic movements within the company's executive ranks. The transactions indicate deliberate share allocations and redistributions among key stakeholders within Waves Corporation Limited.

These developments in shareholding come amidst a backdrop of market activities categorized under the designated market category of the PSX. The transactions, including both acquisitions and dispositions, imply a calculated approach to maintaining and adjusting equity positions within the organization's leadership.