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Karachi: A significant transaction within Elahl has come to light, where Safina Danish, a director at the company, purchased 12,000 shares on July 5, 2024.
The shares were bought at a rate of Rs. 17.99 each and were registered in the Central Depository Company (CDC). According to information available from the Pakistan Stock Exchange (PSX), this transaction will be scrutinized in the upcoming board meeting to ensure all regulatory compliances are met, particularly with regard to the PSX Regulations under clause No. 5.6.1(d).
The company has confirmed that the holding period for these transactions is over six months. However, if any part of this transaction falls within a six-month period, the profits from such a transaction will be surrendered to the Securities and Exchange Commission of Pakistan (SECP), as mandated by Section 105 of the Securities Act, 2015, with an appropriate notification to the PSX.
This move is part of the ongoing financial disclosures that listed companies are obliged to make, ensuring transparency and regulatory adherence in their operations.