Blessed Textiles Limited Announces Insider Share Gift Transactions

Karachi, Blessed Textiles Limited has disclosed insider transactions involving the gifting of shares by company insiders, According to information available from the Pakistan Stock Exchange (PSX).

The company reported that on May 27, 2024, Mrs. Seema Shaheen, the spouse of a director, gifted 3,172 shares to Mr. Mohammad Qasim, the son of the director’s spouse. The transaction was conducted off-market and involved physical share certificates. Similarly, Mr. Muhammad Amin, a director at Blessed Textiles Limited, gifted 133,872 shares to Mr. Mohammad Qasim, who is also his brother. This transaction was similarly conducted off-market and involved physical share certificates.

According to Blessed Textiles Limited, these transactions are part of the company’s compliance with the disclosure requirements under Section 96 and 131 of the Securities Act 2015. The company, located at Umer House, 23/1, Sector 23, S. M. Farooq Road, Korangi Industrial Area in Karachi, emphasizes that these gifts were reported in line with the provisions of PSX rule book clause 5.6.1 and SRO No.143(1)/2012.

The company secretary, Ghulam Mohiuddin, can be contacted for further details through the contact details provided in the disclosure report.