Karachi: Ideal Spinning Mills Limited has responded to an inquiry from the Pakistan Stock Exchange (PSX) regarding unusual movements in the price and volume of its shares. The response, dated May 25, 2026, follows PSX's letter issued under Section 97 of the Securities Act, 2015, concerning the observed fluctuations.

The management of Ideal Spinning Mills stated that after a thorough review, there is no undisclosed material or price-sensitive information that could have contributed to the movement. The company emphasized the absence of any new developments, decisions, transactions, or corporate actions that might have influenced the share price or trading volume.

According to information available from the Pakistan Stock Exchange (PSX), Ideal Spinning Mills assured that the fluctuations appear to be driven by market factors and independent trading decisions by shareholders or investors, which are beyond the company's control. The company affirmed its adherence to the Securities Act, 2015, and PSX Regulations, ensuring timely and transparent dissemination of all material information through the Public Unlisted Company Automated Reporting System (PUCARS).

Ideal Spinning Mills reiterated its vigilance in monitoring any future developments that could impact share price or volume. The company committed to promptly disclosing any price-sensitive or material information in accordance with regulatory requirements, should such information arise.

The statement concluded by affirming the company's compliance with PSX Regulation 5.6.3, and its readiness to provide any additional information or clarification required by the exchange.