Karachi: The Crescent Textile Mills Limited disclosed on March 14, 2025, that its CEO, Ahmad Shafi, executed multiple transactions to acquire additional shares in the company, thereby increasing his cumulative shareholding to 22.42%. The transactions occurred on March 13, 2025, as part of a series of purchases in the designated market category.

The detailed disclosure, made under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, outlines that Ahmad Shafi engaged in ten separate transactions to purchase shares of the company. The purchases varied in volume and price, with the number of shares acquired in each transaction ranging from 400 to 2,000. The share prices for the transactions varied between 13.06 and 13.30 per share.

According to information available from the Pakistan Stock Exchange (PSX), the series of transactions led to an increase in Ahmad Shafi's cumulative shareholding from 22,409,736 shares to 22,416,736 shares. This increment resulted in a slight rise in his ownership percentage from 22.41% to 22.42%.

Ahmad Shafi's acquisitions were executed in the ready market form of share certificates. The purchases commenced with the acquisition of 1,000 shares at a rate of 13.16 and culminated with the purchase of 500 shares at a rate of 13.30. These strategic moves reflect a continued investment interest by Shafi in Crescent Textile Mills Limited.