Karachi: Sitara Chemical Industries Limited has disclosed that its associated entity, Stara Developers (Private) Limited, has acquired a stake in the company. The material information, released under the mandates of Section 96 of the Securities Act, 2015, and Clause 5.6.1 (a) of PSX Regulations, confirmed the transaction specifics.

On April 1, 2026, Stara Developers (Private) Limited purchased 5,000 shares of Sitara Chemical Industries Limited, with each share valued at Rs. 767.00. The acquisition was executed through the Pakistan Stock Exchange Limited. According to information available from the Pakistan Stock Exchange (PSX), such transactions are subject to regulatory compliance and transparency requirements, ensuring investor confidence in market operations.

The purchase by Stara Developers reflects an internal strategic move within associated entities. Sitara Chemical Industries Limited is recognized within the chemicals sector of the market, and developments in shareholding can impact investor perceptions and company valuation. The transaction details were officially submitted to ensure adherence to the regulatory framework governing public disclosures in the financial markets.