Lahore: Ahmad Shafi, an Executive Director at The Crescent Textile Mills Limited, has executed a notable transaction involving a substantial number of the company’s shares, as disclosed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transaction, dated July 3, 2026, involved the gifting of 4.98 million shares.

According to the details provided, Ahmad Shafi transferred 4,980,000 shares as a gift, with the shares held in Central Depository Company (CDC) form. This transaction was executed on June 30, 2026. The shares were transferred at a rate of 0.00, emphasizing the nature of the transaction as a gift, rather than a sale or purchase for profit.

This transaction increases Shafi's cumulative shareholding to a total of 18.13% in the company. This percentage represents a significant move, highlighting the substantial change in shareholding within the company's executive management.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are crucial for maintaining transparency and trust in the market. The PSX regulation mandates the disclosure of transactions by company directors, executives, and substantial shareholders, ensuring that stakeholders are informed of significant changes in share ownership.

The Crescent Textile Mills Limited operates within the designated market category of textile manufacturing. The company's operations and governance are closely monitored by investors and regulators, making such disclosures an essential part of corporate accountability.