Karachi: D.S. Industries Limited has announced that multiple members of its board, including both non-executive and executive directors, have acquired shares of the company through inheritance as of July 22, 2024. The inherited shares, which hold no immediate transactional value, are a direct transfer of equity within the company’s leadership circle.

The individuals involved include Non-Executive Director Rehana Pervez Ahmed and Ayesha Ahmed Mansoor, each inheriting 82,250 shares, while Executive Directors Ali Pervez Ahmed, Hassan Ibrahim Ahmed, and Suleman Ahmed each received 164,500 shares. All shares were transferred through the Central Depository Company (CDC), indicating a formal and traceable change in ownership.

According to information available from the Pakistan Stock Exchange (PSX), the transactions are set to be reviewed in the next board meeting of D.S. Industries Limited. The company has committed to addressing any potential non-compliances related to these transfers as mandated under clause No. 5.6.1(d) of the PSX Regulations.

Additionally, the company noted that if the holding period for these inherited shares is less than six months, any profit realized from their future sale will be subject to the stipulations of Section 105 of the Securities Act, 2015. This would require the profit to be deposited with the Securities and Exchange Commission of Pakistan (SECP) with notification to the PSX, ensuring compliance with national securities regulations.

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