Karachi: Shahmurad Sugar Mills Limited reported a series of transactions executed by Al-Noor Fertilizer Industries Limited, resulting in a notable increase in the latter's shareholding. The disclosure, dated August 7, 2026, outlined substantial acquisitions in Shahmurad Sugar Mills, thus revealing strategic investment moves within the sugar sector.

The acquisition details, as provided by Shahmurad Sugar Mills Limited, indicate that Al-Noor Fertilizer Industries Limited began its share purchase on July 31, 2026, with an initial acquisition of 7,595 shares at an average rate of Rs. 379.56 per share. This transaction increased their cumulative shareholding to 320,322 shares, representing 1.52% of the total shares.

Subsequent purchases on August 3 and August 4 saw acquisitions of 7,000 and 140 shares at average rates of Rs. 385.53 and Rs. 381.64 per share, respectively. These transactions elevated Al-Noor Fertilizer Industries’ stake to 327,462 shares, maintaining a steady percentage of 1.55%.

A significant transaction occurred on August 5, when 47,392 shares were purchased at an average rate of Rs. 379.99 per share. This substantial acquisition led to a cumulative shareholding of 374,854 shares, marking a big move with a percentage increase to 1.78%.

According to information available from the Pakistan Stock Exchange (PSX), the transactions are to be presented in the upcoming board meeting as mandated by PSX Regulations, Clause 5.6.4. The designated market category for these transactions is the Central Depository Company (CDC) Ready market.

The strategic acquisitions by Al-Noor Fertilizer Industries are noteworthy, reflecting a calculated expansion in their investment within the sugar industry, ensuring their influence and participation in Shahmurad Sugar Mills Limited. Members of the Exchange have been duly informed of these developments, aligning with the regulatory disclosure requirements.