Karachi: In a recent transaction reported by Nazir Cotton Mills Ltd, a substantial shareholder has increased their stake in the company. According to the disclosure under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, Mr. Sajjad Aslam, a relevant person holding shares in the company, executed a significant purchase of shares.

The report, dated July 17, 2026, details the transaction executed on June 29, 2026. Mr. Sajjad Aslam acquired 100,000 shares at a rate of 13.47 per share. This purchase increased his cumulative shareholding to 3,082,816 shares, representing 13.403% of the company's total shares. The transaction, classified under the 'Ready' market, was conducted in the form of a CDC share certificate.

According to information available from the Pakistan Stock Exchange (PSX), such transactions by substantial shareholders are subject to scrutiny and are required to be presented at subsequent board meetings. This ensures compliance with PSX regulations and highlights any potential noncompliance issues for consideration by the board.

The company confirmed that this transaction would be reviewed in an upcoming board meeting, in accordance with the requirements under clause No. 5.6.4 of PSX Regulation.