Lahore: The Pakistan Stock Exchange (PSX) received a disclosure notice from Azgard Nine Limited regarding a significant transaction involving the shares of the company. On May 27, 2025, Mehreen Kanwal, identified as the spouse of Ahmed Humayun Shaikh, an Executive Director at Azgard Nine Limited, executed a notable transaction under PSX Regulation 5.6.4.

The transaction, as detailed in the disclosure, involved a transfer of 172,000 shares categorized as a "GIFT OUT." The shares were transferred through the Central Depository Company (CDC) with no financial consideration exchanged, as the rate was listed at 0.00. This transfer resulted in Mehreen Kanwal holding zero cumulative shares, reflecting a cumulative percentage of 0.00% in the ownership of the company’s shares.

According to information available from the Pakistan Stock Exchange (PSX), the transaction aligns with the regulatory requirements for the disclosure of interest by relevant persons, including directors, executives, and their immediate family members, in the shares of the company. This disclosure is part of the regulatory framework ensuring transparency in the dealings of company insiders and their family members.

Azgard Nine Limited operates within the designated market category of textiles and garments, focusing on the production and sale of denim and other related products. The company has been active in ensuring compliance with PSX regulations, as demonstrated by this recent disclosure of share transactions.