Substantial Share Transactions Reported by Bolan Castings Limited to Pakistan Stock Exchange

Karachi, In compliance with the Pakistan Stock Exchange (PSX) Regulation clause No. 5.6.1.(d), Bolan Castings Limited disclosed a significant transaction executed by a member of its board. The company informed the PSX that Sohail Bashir Rana, a Non-Executive Director, sold 15,000 shares of Bolan Castings Limited on March 14, 2024. The shares were sold at a rate of 80.17 PKR per share through the Central Depository Company (CDC) in the ready market.

The company has confirmed that this transaction will be reviewed in the upcoming board meeting. The review will include any non-compliance issues related to this transaction as mandated by the PSX regulations. Additionally, the company has assured the PSX that the transaction adheres to the holding period requirements set forth in Section 105 of the Securities Act, 2015. In case the holding period for these transactions is less than six months, the company will deposit a cheque equivalent to the profit with the Securities and Exchange Commission of Pakistan (SECP), as per the requirements, and inform the PSX accordingly.