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Lahore: Cordoba Logistics and Ventures Limited disclosed a significant transaction under the Securities Act, 2015, involving a family member of its leadership. Mr. Arif Elahi, father of the company’s Director and CEO Mr. Danish Elahi, purchased 190,000 shares on July 19, 2024. This transaction represents 0.26% of the total issued and paid-up capital of the company.
Mr. Danish Elahi currently holds a substantial stake in the business, amounting to 73.63% of its shares. The company has issued a formal disclosure notice in compliance with Section 96 of the Securities Act, 2015 read with Clause 5.6.1 of the PSX Regulations. This notice underscores the familial relationship between the buyer and one of the company’s key executive officers, detailing the internal connections within its corporate governance framework.
According to information available from the Pakistan Stock Exchange (PSX), a disclosure form regarding this transaction has been provided, ensuring that all TRE Certificate Holders of the exchange are duly informed about these developments within the management’s circle.