Karachi: Waves Home Appliances Limited has announced significant changes in the shareholding of its Non-Executive Director, Nighat Haroon Khan, as part of a regulatory disclosure under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transactions, executed through the Central Depository Company (CDC), involved a total of 4,100,000 shares gifted out by Ms. Khan over two separate transactions in November 2024.

On November 15, 2024, Ms. Khan gifted 2,000,000 shares, reducing her cumulative shareholding to 2,124,277 shares. This transaction represented 0.79 percent of the company's total shares. According to information available from the Pakistan Stock Exchange (PSX), another transaction occurred on November 20, 2024, where she gifted an additional 2,100,000 shares. Following this, her cumulative shareholding decreased to 24,277 shares, equating to 0.01 percent of the company's total shares.

These transactions were conducted with a rate of 0.00 per share, indicating that they were part of a gift-out arrangement. The disclosure of such transactions is mandatory under PSX regulations to maintain transparency and inform the market of significant changes in the ownership of company shares by key personnel.