Karachi: A recent disclosure from Shahmurad Sugar Mills Limited has highlighted a significant transaction executed by its associated company, Al-Noor Fertilizer Industries Limited. According to the report dated November 5, 2026, Al-Noor Fertilizer Industries has purchased a notable quantity of shares in Shahmurad Sugar Mills, contributing to its cumulative shareholding.

The disclosure details that Al-Noor Fertilizer Industries Limited acquired 10,045 shares at an average rate of Rs. 335.74 per share. The transaction was carried out through the Central Depository Company (CDC) in the ready market on October 29, 2026. This purchase increased Al-Noor Fertilizer's cumulative shareholding in Shahmurad Sugar Mills to 659,999 shares, representing a 3.13% stake.

According to information available from the Pakistan Stock Exchange (PSX), the transaction will be discussed in the upcoming board meeting as mandated by clause 5.6.4. of the PSX Regulations. The acquisition signifies a big move in the market, reflecting Al-Noor Fertilizer Industries' strategic interest in Shahmurad Sugar Mills' operations.

The designated market category for this transaction is crucial for stakeholders tracking investment patterns and market dynamics within the sector. The transaction's details and its presentation in the board meeting underscore compliance with regulatory requirements and transparency in corporate governance.