KARACHI: Mandviwalla Mauser Plastic Industries Limited has withdrawn its earlier disclosure regarding the sale of 1,497,404 ordinary shares by its substantial shareholder after the transaction was cancelled prior to settlement.
In a letter dated February 11, 2026, addressed to the Pakistan Stock Exchange (PSX) and the Securities and Exchange Commission of Pakistan (SECP), the company issued a corrigendum under PSX Regulation 5.6.4, revoking its disclosure made on February 9, 2026 (Post ID: 269882).
However, the company stated that it received formal communication dated February 10, 2026 from Meskay & Femtee Trading Company (Private) Limited confirming that the transaction had been cancelled before settlement due to unforeseen circumstances on the part of both the buyer and seller.
As a result, the company said there has been no change in the beneficial ownership or cumulative shareholding of the substantial shareholder. The shareholding remains at 74.41 percent, reverting from the previously reported post-sale cumulative percentage of 69.20 percent.
The company further stated that the transfer of shares was not finalized in the Central Depository System (CDS) and requested that records be updated to reflect cancellation of the trade. It also asked that the PSX and SECP be notified accordingly and that any prior disclosure based on the February 9 letter be withdrawn or corrected.
Mandviwalla Mauser said its records have been updated and assured regulators that the market and relevant authorities have been fully apprised of the status of the transaction to prevent any uninformed trading.
