Lahore: In a significant development at Kohinoor Spinning Mills Limited, an executive director has executed a substantial transaction involving the company’s shares. On February 12, 2025, Mohammad Naveed, who holds the position of Executive Director, sold 6.00 million shares of the company. This transaction was carried out in the ready market at a rate of 6.00 per share.

The transaction resulted in a cumulative total of 155.94 million shares held by Mohammad Naveed, accounting for a cumulative percentage of 37.84% of the company's shares. This sale was part of the disclosure requirements mandated by the Pakistan Stock Exchange (PSX) regulation 5.6.4.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are crucial for maintaining transparency and ensuring that stakeholders are informed about significant changes in shareholding by directors, executives, and their immediate families. The designated market category for this transaction is the ready market.

The announcement emphasizes the commitment of Kohinoor Spinning Mills Limited to adhere to regulatory standards and provides stakeholders with insight into shareholding patterns within the company. This transaction is a reflection of the dynamic nature of stock holdings in publicly traded companies and the importance of keeping investors informed through timely disclosures.