Karachi: Artistic Denim Mills Ltd's Chief Executive Officer, Mr. Muhammad Faisal Ahmed, has executed a notable share transaction, according to a disclosure filed with the Pakistan Stock Exchange. As per the company's report dated July 17, 2026, Mr. Ahmed engaged in a transaction involving a "gift in" of 313,000 shares.

The transaction was conducted electronically through the Central Depository Company (CDC) on July 15, 2026. Notably, the shares were transferred at a rate of Rs. 0.00, reflecting the nature of the transaction as a gift. Following this transaction, Mr. Ahmed's cumulative shareholding in Artistic Denim Mills Ltd stands at 78.18 million shares, representing 93.0745% of the company's total shares.

According to information available from the Pakistan Stock Exchange (PSX), this transaction will be reviewed in an upcoming board meeting. The board will assess any potential non-compliance issues as mandated by clause 5.6.4. of the PSX Regulations. Additionally, the company has confirmed that the holding period for the transaction exceeds six months. Should it fall within a six-month period, a cheque equal to the profit would be deposited with the Securities and Exchange Commission of Pakistan (SECP), in compliance with Section 105 of the Securities Act, 2015.

This transaction falls under the designated market category of "Disclosure of Interest by a Director, CEO or Executive of a Listed Company and their spouses and the Substantial Shareholders," which is governed by specific regulations to ensure transparency and accountability within the stock market.