S.G. Power Limited Director Buys Shares Amid Regulatory Compliance

Karachi: In a recent transaction on September 9, 2024, Mr. Sohail Ahmed, Chief Executive and Director at S.G. Power Limited, purchased 1,000 shares of the company. This transaction is set to be reviewed in the upcoming board meeting, as stipulated by the Pakistan Stock Exchange (PSX) regulations. According to information available from the Pakistan Stock Exchange, this move aligns with the regulatory framework governing directors’ share transactions.

According to information available from the Pakistan Stock Exchange (PSX), the shares were acquired through the Central Depository Company (CDC), emphasizing the formal and traceable process of share trading within regulated parameters. This acquisition by a leading executive underscores a continued commitment to the company amid its ongoing corporate developments.

S.G. Power Limited has confirmed that this transaction will be presented for consideration at the next board meeting, adhering to clause 5.6.1 of PSX Regulations, which governs the conduct and reporting of directors’ transactions to ensure transparency and regulatory compliance in corporate governance practices.