AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Lahore: In compliance with Regulation No. 5.6.1 (d) of the Pakistan Stock Exchange (PSX) regulations, Aruj Industries Limited has reported transactions by a substantial shareholder, Mr. Maqsood Ahmad Butt. On August 1, 2024, Mr. Butt sold 52,509 shares at Rs. 26.05 and 19,033 shares at Rs. 23.24. Both transactions were carried out electronically through the Central Depository Company (CDC).
According to information available from the Pakistan Stock Exchange (PSX), the company has confirmed that the holding period for these transactions exceeded six months. In cases where transactions occur within six months, the profits are required to be deposited with the Securities and Exchange Commission of Pakistan (SECP) under Section 105 of the Securities Act 2015, a measure ensuring compliance and transparency in trading activities by significant shareholders.
The details of these transactions have been communicated to the TRE Certificate holders of the Exchange, adhering to regulatory disclosure requirements.
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