Karachi: In a significant transaction reported on March 16, 2026, Faruque (Private) Limited, a substantial shareholder in Cherat Cement Company Limited, has increased its stake in the company. This disclosure was made under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, which requires the revelation of interest by relevant persons holding company shares.

The transaction, executed on March 9, 2026, involved the purchase of 130,000 shares at a rate of 233.130 per share. These shares are in the Central Depository Company (CDC) form. Following this acquisition, Faruque (Private) Limited’s cumulative shareholding in Cherat Cement Company Limited now stands at 42,226,353 shares, representing 21.73% of the total shares.

According to information available from the Pakistan Stock Exchange (PSX), this transaction highlights the continued interest and investment by Faruque (Private) Limited in Cherat Cement Company Limited. The increase in shareholding underscores the strategic importance of the cement company in the shareholder’s portfolio within the designated market category.

The transaction reflects a substantial financial commitment by Faruque (Private) Limited, which continues to be a key player in the company’s shareholder base.