Karachi: Azgard Nine Limited has disclosed a noteworthy transaction involving its Executive Director, Ahmed Humayun Shaikh, as required under Pakistan Stock Exchange Regulation 5.6.4. The disclosure, which pertains to a share transaction executed by a key company figure, was officially announced in accordance with regulatory compliance.

On May 27, 2025, Ahmed Humayun Shaikh, who serves as the Executive Director at Azgard Nine Limited, received a gift of 172,000 shares. The transaction was completed through the Central Depository Company (CDC). This addition brings the cumulative number of shares held by Shaikh to 141,972,196, representing a 29.25% stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), the transaction's nature as a 'gift in' and its execution through the CDC align with the regulatory requirements for transparency and accountability in corporate governance. The share transfer was conducted at a rate of 0.00, indicating a non-commercial, intra-company transaction.

The disclosure of such transactions is crucial for maintaining the integrity of market operations within the designated market category, ensuring that stakeholders are informed of significant changes in ownership that may impact company dynamics.