Karachi: Nazir Cotton Mills Limited has addressed a recent compliance issue concerning the delayed disclosure of a significant share transaction by one of its substantial shareholders, Mr. Sajjad Aslam. The report, dated July 17, 2026, outlines the circumstances surrounding the non-compliance with Pakistan Stock Exchange (PSX) Regulation 5.6.4.

Mr. Sajjad Aslam acquired 100,000 shares of Nazir Cotton Mills Limited but failed to notify the company within the required timeframe. The issue came to light following an email from the PSX on July 16, 2026, prompting the company to immediately contact Mr. Aslam. According to the company's report, Mr. Aslam acknowledged his oversight in reporting the transaction.

Upon receiving confirmation from Mr. Aslam on July 16, 2026, Nazir Cotton Mills Limited promptly submitted the necessary disclosure to the Exchange via PUCARS (Form 29) the following day. The company emphasized that the delay was solely due to the shareholder's failure to report the transaction in a timely manner.

According to information available from the Pakistan Stock Exchange (PSX), the company's swift response underscores its commitment to adhering to all regulatory requirements. To prevent future occurrences, Nazir Cotton Mills Limited has reminded Mr. Aslam of his reporting obligations.

The company has reiterated its dedication to maintaining full compliance with regulatory standards and has taken steps to ensure that all substantial shareholders are aware of their responsibilities under the PSX regulations.