Islamabad: Shakarganj Limited, a prominent Pakistani company, has reported a substantial transaction involving its shares by one of its major stakeholders, Masood Fabrics Ltd.

According to information available from the Pakistan Stock Exchange (PSX), the transaction was recorded on October 17, 2024. Masood Fabrics Ltd, identified as a substantial shareholder, sold 2,770 shares of Shakarganj Limited at a rate of PKR 29.95 per share. Following this transaction, the cumulative shareholding of Masood Fabrics Ltd in Shakarganj Limited stands at 13,951,340 shares, representing 11.16% of the company.

This disclosure comes under the compliance of PSX Regulation 5.6.4, which mandates the reporting of transactions by directors, CEOs, executives, and substantial shareholders, along with their spouses and minors.