S.G. Power Limited Reports Transaction by Director Sohail Ahmed

Karachi: S.G. Power Limited has officially disclosed a significant share transaction by Mr. Sohail Ahmed, a Director and the Chief Executive of the company, which took place on October 21, 2024. Mr. Ahmed sold 5,000 shares, as reported to the Pakistan Stock Exchange.

The transaction involved shares of S.G. Power Limited, marking a notable change in the holdings of key personnel within the company. According to information available from the Pakistan Stock Exchange (PSX), such disclosures are mandatory under PSX regulations, specifically clause 5.6.1, which aims to ensure transparency in the trading activities of directors and senior executives.

The details of the sale, including the different rates at which the shares were sold, were communicated to the General Manager of the Pakistan Stock Exchange Limited. This step is part of the broader regulatory requirements that govern corporate governance and insider trading laws in Pakistan.

The disclosure was signed by Mr. Farrukh Naveed, the Company Secretary, and it has been stated that these transactions will be further discussed in the subsequent board meeting of S.G. Power Limited. The company has also communicated this information to various oversight bodies, including the Securities and Exchange Commission of Pakistan, reinforcing the adherence to stringent regulatory frameworks.

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