Karachi: Fazal Cloth Mills Limited has disclosed a significant change in the shareholding of one of its directors, Mr. Faisal Ahmed. The company, listed on the Pakistan Stock Exchange (PSX) under the symbol FZCM, reported this development in accordance with Regulation 5.6.4 of the PSX Rule Book.

According to the report dated September 7, 2026, Mr. Faisal Ahmed transferred 338,093 shares to his son as a gift. This transfer, described as being made out of natural love and affection and without monetary consideration, resulted in a cumulative shareholding of 1,701,772 shares, representing 5.67% of the company's total shareholding.

The transaction was executed through the Central Depository Company (CDC) and took place on September 4, 2026. According to information available from the Pakistan Stock Exchange (PSX), this transaction will be presented at the upcoming Board of Directors meeting for consideration, as stipulated by the PSX Regulations. The necessary updates will also be made in the Unique Identification Number (UIN) Management System.

The disclosure, categorized as a big move, highlights the company's commitment to transparency and compliance with regulatory requirements. This development is particularly significant within the designated market category of textiles, where Fazal Cloth Mills operates.