Aruj Industries Reports Share Transactions of Substantial Shareholder

Karachi: Aruj Industries Limited disclosed transactions of shares by a substantial shareholder and their spouse, in compliance with Pakistan Stock Exchange (PSX) Regulation 5.6.1(d). This disclosure follows guidance from the PSX to report movements in shares held by the spouses of substantial shareholders who are not themselves directors or substantial shareholders.

According to information available from the Pakistan Stock Exchange (PSX), the detailed share transactions involve Mr. Maqsood Ahmad Butt, a noted substantial shareholder of Aruj Industries, and his spouse, Mrs. Naseem Maqsood. Records indicate Mr. Butt sold 34,020 shares at a rate of Rs. 17.94 on September 5, 2024, and 41,098 shares at Rs. 16.34 on September 6, 2024. Both transactions were conducted electronically via the Central Depository Company (CDC).

Further transactions reported include Mrs. Naseem Maqsood, who sold 10,341 shares at Rs. 19.50 on September 1, 2024, electronically through the CDC. The company confirmed that all transactions exceeded a six-month holding period, adhering to the regulations. If any transaction had occurred within six months, the profits would be surrendered to the Securities and Exchange Commission of Pakistan (SECP), as mandated by Section 105 of the Securities Act, 2015.

These disclosures ensure compliance with PSX regulations and maintain transparency in the trading activities of significant stakeholders within the market category of financial securities.

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