Karachi: A significant transaction involving shares of Stylers International Limited was disclosed, reflecting a transfer of shares between family members. The transaction, which is set to be addressed in an upcoming board meeting, involves Mr. Mian Salman Ahsan, a shareholder in Stylers International Limited, who has gifted a substantial number of shares to his father, Mr. Mian Muhammad Ahsan.

The transfer, dated April 11, 2025, involved 18,228,288 shares, bringing Mr. Mian Muhammad Ahsan's cumulative shareholding in Stylers International Limited to 115.54 million shares, representing 23.64% of the company's total shares. This transaction was categorized under the Pakistan Stock Exchange’s (PSX) regulations as a "gift," and it will be reviewed to ensure compliance with the relevant clauses.

According to information available from the Pakistan Stock Exchange (PSX), the transaction was carried out in the Central Depository Company (CDC) format. The board of Stylers International Limited is expected to address any potential non-compliance issues related to PSX Regulation clause 5.6.4 in its subsequent meeting.

The designated market category for Stylers International Limited remains unchanged, and the transaction highlights the internal shareholding dynamics within the company. The impact of this transfer on the market perception of the company will be closely monitored following the board's review.