Aruj Industries Limited Reports Transaction by Substantial Shareholder

Karachi: In compliance with Pakistan Stock Exchange (PSX) Regulation No. 5.6.1 (d), Aruj Industries Limited has disclosed transactions involving shares of the company by a substantial shareholder and his spouse. The transactions were executed electronically through the Central Depository Company (CDC).

According to information available from the Pakistan Stock Exchange (PSX), Naseem Maqsood, identified as a substantial shareholder, sold 174,410 shares on September 10, 2024, at a price of PKR 14.58 per share, and further sold 39,200 shares on September 11, 2024, at PKR 13.73 per share.

The company has confirmed that the holding period for these transactions exceeded six months. In accordance with the Securities Act of 2015, should any shares be sold within six months, the profits from such transactions are required to be deposited with the Securities and Exchange Commission of Pakistan (SECP), with a corresponding notification to be sent to the Pakistan Stock Exchange.

This disclosure ensures transparency and adherence to market regulations, safeguarding investor interests and maintaining trust in the trading practices of listed companies.

The post Aruj Industries Limited Reports Transaction by Substantial Shareholder appeared first on .