International Industries Limited Director’s Spouse Receives Shares as Gift

Karachi, According to information available from the Pakistan Stock Exchange (PSX), a significant share transaction has been reported in the shares of International Industries Limited. Mrs. PIA Kamal Chinoy, the spouse of Kamal A. Chinoy, who is a non-executive director at the company, received a gift of 98,671 shares. The transaction, valued at 0.00 per share, was processed through the Central Depository Company (CDC).The company has confirmed that this transaction will be reviewed in the upcoming board meeting to ensure compliance with clause No. 5.6.1.(d) of PSX Regulations. It is also noted that if the holding period for these shares is less than six months, any profit gained will be surrendered to the Securities and Exchange Commission of Pakistan (SECP), following the requirements of Section 105 of the Securities Act, 2015, with a formal intimation to PSX.