Nowshera: Cherat Cement Company Limited has significantly increased its shareholding in Cherat Packaging Limited, now holding 12.70% of the company's total issued, subscribed, and paid-up capital shares. This development was disclosed in a notification pursuant to Section 110 of the Securities Act, 2015, dated July 22, 2026.

According to the announcement, Cherat Cement acquired 2,629,980 ordinary shares of Cherat Packaging Limited on July 21, 2026. This acquisition has increased their total shareholding to 6,236,504 shares, representing 12.70% of the company's capital. The change in shareholding occurred over the dates of July 20 and 21, 2026.

According to information available from the Pakistan Stock Exchange (PSX), Cherat Cement's acquisition marks an important development for both companies involved. The exact specifics of the transaction were outlined in documentation submitted to the Pakistan Stock Exchange, Cherat Packaging Limited, and the Securities and Exchange Commission of Pakistan.

Cherat Cement Company Limited, incorporated on May 25, 1981, in Peshawar, Khyber Pakhtunkhwa, holds an authorized and issued share capital of Rs. 2.25 billion, divided into 25 million ordinary shares of Rs. 10 each. The company is primarily controlled by Faruque (Private) Limited, which possesses a 21.67% shareholding. The board of directors includes notable figures such as Chairman Mr. Omar Faruque and CEO Mr. Azam Faruque.

This transaction falls under the regulatory framework of the Securities Act, ensuring transparency and compliance with established financial and corporate governance standards. Cherat Cement's increased stake in Cherat Packaging Limited is a notable event within the market, reflecting strategic moves within the designated market category of construction materials.