Karachi: Waves Home Appliances Limited has disclosed a series of significant share transactions by its executive director and a substantial shareholder, according to information filed under the Pakistan Stock Exchange’s (PSX) Regulation 5.6.4. The transactions, dated from late December 2025 to early January 2026, highlight strategic movements in shareholdings by influential figures within the company.
Haroon Ahmad Khan, the Executive Director of Waves Home Appliances Limited, executed two notable transactions in early January 2026. On January 2, Khan gifted 600,000 shares, bringing his cumulative shareholding to 6.71 million shares, representing 2.50% of the company’s total shares. Shortly thereafter, on January 6, he further reduced his holdings by gifting an additional 2,000,000 shares. This transaction adjusted his cumulative shareholding to 4.71 million shares, equating to a 1.75% stake, marking a very large or significant move.
Meanwhile, Waves Corporation Limited, a substantial shareholder, was active in both the future and ready markets at the end of December 2025. Transactions on December 30 and December 31 reveal a pattern of strategic selling and buying. On December 30, the corporation sold 150,000 shares at a rate of 9.40, resulting in a cumulative holding of 134.85 million shares, or 50.33% of the company’s shares. This was immediately followed by purchasing an equal number of shares at a slightly lower rate of 9.36, increasing its cumulative percentage to 50.39%.
Further transactions on December 31 saw the corporation sell 2.27 million shares at 9.39 in the ready market, leading to a reduced shareholding of 132.73 million shares, or 49.54%. However, this was countered by buying the same amount in the future market at 9.53, restoring their stake to 135.00 million shares, maintaining a 50.39% shareholding. The activity by Waves Corporation Limited denotes a very large or significant move in its stake management.
According to information available from the Pakistan Stock Exchange (PSX), these movements by Haroon Ahmad Khan and Waves Corporation Limited are aligned with regulatory requirements and reflect strategic decisions by key stakeholders within Waves Home Appliances Limited. The designated market category for these transactions was the Central Depository Company (CDC).