Karachi: Sindh Abadgar's Sugar Mills Limited has disclosed recent share transactions executed by a non-executive director, Pehlaj Rai, which have adjusted his total shareholding in the company to 925,849 shares, representing 8.88% as of July 6, 2025. The details of these transactions, which took place over the first four days of July, outline Rai's strategic movements in the stock market.

On July 1, 2025, Pehlaj Rai initiated the series of transactions by purchasing 175 shares at a rate of 60.75 each. The following day, he acquired an additional 607 shares, with the rate slightly increasing to 62.95. Continuing his investment, Rai bought 1,874 shares on July 3 at a rate of 67.02. The final transaction occurred on July 4, when he purchased 559 shares at a rate of 66.18. These transactions were conducted in the ready market with shares held in the Central Depository Company (CDC) form.

The company has confirmed that these transactions will be presented in the subsequent board meeting. This presentation will highlight any necessary compliance as per clause No. 5.6.1(d) of the Pakistan Stock Exchange (PSX) regulations. Furthermore, the company assures adherence to the required holding period of over six months. Consequently, any profit generated from these transactions will result in a cheque equivalent being deposited with the Securities and Exchange Commission of Pakistan (SECP), as mandated by section 105 of the Securities Act, 2015, with intimation to PSX.

According to information available from the Pakistan Stock Exchange (PSX), the transactions by the non-executive director are considered significant for the company’s market activities. The designated market category for these transactions is the ready market, indicating immediate settlement of shares.

These transactions reflect a strategic adjustment in the director's shareholding, which may have implications for investor sentiment and market dynamics concerning Sindh Abadgar's Sugar Mills Limited.