Bawany Air Products Executives Report Recent Share Transactions

Karachi: Bawany Air Products Limited has disclosed a series of share transactions by its top executives, including the CEO, to the Pakistan Stock Exchange (PSX), as detailed in a recent filing.

On October 4, 2024, a significant transaction was reported involving Weavers Pakistan (Private) Limited, a related party, where 1,563 shares were sold at a rate of 30.92 per share. This sale slightly reduced their cumulative holding to 2,171.385 million shares, representing 28.94% of the company.

Further transactions included another sale on July 10, 2024, where Weavers Pakistan disposed of 25,000 shares at 29.92 each, bringing their total to 2,146.385 million shares, or 28.61% of Bawany Air Products. Despite these sales, Weavers Pakistan increased their stake on October 15 by purchasing 37,500 shares at 32.27 per share, raising their holding to 2,183.885 million shares or 29.11%.

Additionally, on the same day, a sale of 3,720 shares at 33.90 each was recorded, bringing their cumulative shares slightly down to 2,180.165 million, which is 29.06% of the company.

According to information available from the Pakistan Stock Exchange (PSX), these transactions were highlighted in the company’s disclosure under the PSX regulations, which mandates timely reporting of any trading by directors or significant shareholders. The company confirmed that these transactions would be further reviewed in the upcoming board meeting, including any non-compliance issues as per the PSX Rule Book.

Bawany Air Products has stated that these share transactions are part of regular business activities and have ensured that all trading periods exceed the six-month minimum holding period mandated by the Securities Act, 2015. This compliance reaffirms the company’s commitment to transparent governance and shareholder communication.

The post Bawany Air Products Executives Report Recent Share Transactions appeared first on .