Senior Manager at Bolan Castings Limited Conducts Multiple Stock Transactions

Karachi: Bolan Castings Limited has reported multiple stock transactions involving a senior manager on August 22, 2024. According to information available from the Pakistan Stock Exchange (PSX), the company disclosed these transactions in compliance with clause No. 5.6.1(d) of PSX Regulations.

Mujtaba Ahmed, identified as a member of senior management, engaged in a series of stock sales totaling 2,756 shares. The transactions were executed at varying prices, starting from PKR 102.15 and reaching up to PKR 107.00. All shares were sold in the ‘Ready’ market category and were held in CDC form, which indicates they were managed electronically through the Central Depository Company.

The detailed transactions are as follows: 700 shares were sold at PKR 102.15, 17 shares at PKR 103.00, 16 shares at PKR 104.00, 1,515 shares at PKR 105.00, 300 shares at PKR 105.02, 30 shares at PKR 105.11, 814 shares at PKR 106.00, 100 shares at PKR 106.25, 50 shares at PKR 106.33, and 13 shares at PKR 107.00.

Bolan Castings Limited confirmed that these transactions will be reviewed in the upcoming board meeting. The company also noted that if any non-compliance is identified, it will be duly highlighted and addressed. Furthermore, the company confirmed that the transactions complied with the holding period requirement of over six months mandated by the Securities Act, 2015. Should any transaction fall within this period, the profit equivalent would be deposited with the Securities and Exchange Commission of Pakistan (SECP) as mandated by law, with notification provided to the PSX.

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