Karachi: Kohinoor Spinning Mills Limited has disclosed a significant transaction involving its Executive Director, Muhammad Naveed, who has executed a notable transfer of company shares. According to the company's announcement, filed in compliance with the Pakistan Stock Exchange's Regulation 5.6.4, this transaction was completed on June 26, 2025.

The disclosure indicates that Muhammad Naveed, an executive director at Kohinoor Spinning Mills, transferred 4.50 million shares as a gift. This transaction was executed in the ready market, with the shares having a rate of 0.00 per share, reflecting a non-commercial, intra-family transfer. The cumulative holding of shares by Muhammad Naveed following this transaction stands at 96.04 million, accounting for 22.04 percent of the company's total shares.

According to information available from the Pakistan Stock Exchange (PSX), this transaction marks a very large or significant move in terms of shareholding within the company. The transfer of shares as a gift, without any financial consideration, highlights the internal shareholding dynamics within the company.

Kohinoor Spinning Mills Limited is listed under the designated market category of Textile Composite. The disclosure of this transaction underscores the regulatory obligations for transparency, ensuring that market participants are informed of significant changes in shareholding by key company figures.