Lahore: On February 7, 2025, Hi-Tech Lubricants Limited announced significant changes in shareholdings following inheritance transactions involving key figures linked to the company. These transactions were reported in compliance with the Pakistan Stock Exchange's (PSX) Regulation 5.6.4, highlighting notable shifts in the ownership structure.

According to the notification, Arifa Shaukat, a substantial shareholder, executed an inheritance transaction resulting in an outflow of 339,600 shares, leaving her with no remaining shares in the company. Meanwhile, Shaukat Hassan, a Non-Executive Director, received 84,900 shares through inheritance, bringing his cumulative shareholding to 7.44 million shares, equivalent to 5.34% of the total shares.

In another transaction, Executive Director Muhammad Ali Hassan acquired 101,880 shares via inheritance, raising his cumulative holding to 17.49 million shares, which constitutes 12.56% of the company's shares. Similarly, Amna Zaidi, spouse of Non-Executive Director Faraz Akhtar Zaidi, inherited 50,940 shares, resulting in a total holding of 10.24 million shares, equating to a notable 7.36% of the company's shares.

Additionally, minors under the guardianship of Shaukat Hassan, including Miss Eshaal Hassan and Miss Nawaal Hassan, each inherited 50,940 shares. This inheritance increased their individual shareholdings to 8.18 million shares each, representing 5.88% of the total shares.

The designated market category for these share transactions is the Central Depository Company (CDC), as specified in the PSX regulations. According to information available from the Pakistan Stock Exchange (PSX), these transactions are part of the company's routine disclosure obligations to ensure transparency and compliance.

The reallocation of shares through inheritance underscores the dynamic nature of shareholding structures within corporate entities, reflecting personal and familial transitions that affect the corporate governance landscape.