Karachi: Al-Noor Fertilizer Industries Limited has recently disclosed a series of transactions resulting in an increased shareholding in Shahmurad Sugar Mills Limited. According to the report dated July 17, 2026, the associated company executed multiple purchases within a span of one week, enhancing its position in the sugar industry.

The transactions commenced on July 8, 2026, with the purchase of 14,291 shares at an average price of Rs. 387.00 each. This initial acquisition brought the cumulative shareholding to 301,266 shares, equating to 1.43% of Shahmurad Sugar Mills Limited's total shares. Subsequent purchases were made on July 10 and July 13, acquiring 338 and 5,100 shares at average prices of Rs. 387.05 and Rs. 387.03, respectively. These transactions further elevated the shareholding to 306,704 shares, representing 1.45%.

The most recent purchase occurred on July 14, 2026, when Al-Noor Fertilizer Industries Limited acquired an additional 6,023 shares at an average price of Rs. 388.73. This finalized the company's current holding at 312,727 shares, accounting for 1.48% of the total shares, marking a moderate move in its stake.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are set to be reviewed in the upcoming board meeting, aligning with clause 5.6.4. of the PSX Regulations. The disclosure underscores Al-Noor Fertilizer Industries Limited's strategic maneuvering within the market category of sugar production, as it continues to expand its influence and investment in Shahmurad Sugar Mills Limited.