Karachi: In a notable transaction, Sajida Sagarwala has acquired 4,790,000 voting shares, equating to 11.98% of Habib Rice Products Ltd., according to a disclosure made under Section 109 of the Securities Act, 2015. The acquisition, dated December 15, 2025, was executed through a gift from her father, Gaffar A. Habib. Prior to this, Sagarwala did not hold any shares in the company.

According to information available from the Pakistan Stock Exchange (PSX), the transaction reflects a significant move in the ownership structure of Habib Rice Products Ltd. Sagarwala's newly acquired stake now positions her as a substantial shareholder in the company.

This acquisition is exempt from triggering additional obligations under Part IX of the Securities Act, except for reporting requirements as outlined in section 109(1)(h)(i) of the Act. Furthermore, there are no individuals acting in concert with Sagarwala in this transaction, and she holds no current representation on the company's Board of Directors.

The transaction highlights a pivotal change in the company's shareholding composition, with Sagarwala's address registered in Lawrence, Kansas, USA. The financial community will be monitoring any potential impacts on the company's governance and future strategic directions following this development.