Karachi: In a recent disclosure filed on September 14, 2026, with the Pakistan Stock Exchange (PSX), Allawasaya Textile and Finishing Mills Ltd reported a series of share transactions conducted by its associated company, Allawasaya Spinning Mills (Pvt) Limited. The transactions, executed over a six-month period, reveal a strategic increase in shareholding by the associated firm.
According to the document, Allawasaya Spinning Mills (Pvt) Ltd acquired physical share certificates through regular market purchases on three separate occasions. The initial transaction, dated March 5, 2026, involved the purchase of 12,100 shares at a rate of 1,925 per share, establishing a cumulative shareholding of 12,100 shares, which accounted for 1.51% of the company's total shares.
Further acquisitions were made on June 29, 2026, when the associated company bought an additional 7,500 shares at the same rate. This transaction raised their total shareholding to 19,600 shares, representing 2.45% of the overall shares. The most recent transaction on September 3, 2026, saw the purchase of 4,500 shares, increasing their stake to 24,100 shares. This latest acquisition resulted in a total shareholding of 3.01%, marking a big move in percentage terms.
The transactions are set to be presented in an upcoming board meeting. Allawasaya Textile and Finishing Mills Ltd confirmed that the holding period for these transactions exceeds six months. Should any holding period fall short of this duration, compliance with Section 105 of the Securities Act, 2015, would necessitate the deposit of a cheque equivalent to the profit with the Securities and Exchange Commission of Pakistan (SECP), with intimation to the PSX.
According to information available from the Pakistan Stock Exchange (PSX), these transactions reflect a concerted effort by Allawasaya Spinning Mills to bolster its investment in the associated company, potentially indicating long-term strategic interests. The designated market category for these share dealings is the PSX's regulatory framework, which mandates comprehensive disclosure and compliance with specified holding and reporting requirements.