Karachi: Shahmurad Sugar Mills Limited has announced a series of transactions executed by its associated company, Al-Noor Fertilizer Industries Limited, involving the acquisition of shares in the sugar manufacturing firm. The transactions, conducted throughout June 2026, have resulted in a notable increase in Al-Noor Fertilizer Industries’ holdings in Shahmurad Sugar Mills Limited.

According to the disclosure dated July 1, 2026, Al-Noor Fertilizer Industries Limited engaged in multiple buy transactions, beginning with the purchase of 101 shares at an average rate of Rs. 360.66 on June 1, 2026. On June 5, the company acquired an additional 4 shares at Rs. 373.49 per share, followed by the purchase of 109 shares at Rs. 365.15 on June 8. The transactions continued with a significant acquisition of 11,267 shares at Rs. 382.24 on June 23. This was closely followed by a substantial purchase of 100,000 shares on June 24, at an average rate of Rs. 380.19 per share. The final transaction was executed on June 29, involving 10,041 shares purchased at Rs. 381.69.

The cumulative effect of these transactions has increased the total number of shares held by Al-Noor Fertilizer Industries Limited in Shahmurad Sugar Mills Limited to 216,042 shares. The percentage of shares held by the company has risen from 0.45% to 1.03%, reflecting a moderate move in market share.

According to information available from the Pakistan Stock Exchange (PSX), the transactions will be duly presented in the subsequent board meeting of Shahmurad Sugar Mills Limited, adhering to the necessary regulatory requirements as outlined in clause 5.6.4. of the PSX Regulations. The designated market category for these transactions is the Ready Market.

This strategic move by Al-Noor Fertilizer Industries Limited signifies its continued interest in expanding its investment in the sugar industry, leveraging the growth opportunities within Shahmurad Sugar Mills Limited.