Karachi: Al Shaheer Corporation Limited has announced a potential acquisition proposal from Mr. Muhammad Farrukh, who is interested in acquiring shares and control of the company. This development, disclosed under the Takeover Regulations, was detailed in a communication dated July 3, 2026, indicating the acquirer's intent to surpass the shareholding thresholds set by Section 111 of the Securities Act, 2015.

The proposal is contingent upon obtaining the necessary regulatory approvals, completing due diligence, engaging in negotiations with current shareholders, and executing definitive agreements. The process reflects the regulatory oversight governing substantial acquisitions, ensuring adherence to the legal framework outlined in the Securities Act.

According to information available from the Pakistan Stock Exchange (PSX), the intention to acquire shares has been communicated as required under Regulation 5(1) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. This regulation mandates the immediate dissemination of such information to shareholders, both through a notice board posting and notifications on the automated information system.

The Pakistan Stock Exchange Limited has been formally requested to ensure that this information reaches the shareholders of Al Shaheer Corporation Limited, maintaining transparency and compliance within the market category of regulatory disclosures.