Karachi: In a notable transaction reported by Al-Noor Sugar Mills Limited, a gift of shares has been transferred within a prominent family tied to the company's leadership. According to a statement issued by the company, Mr. Noor Mohammad Zakaria, who serves as a director, received a substantial gift comprising 217,524 shares from his sister, Nafisa Mushtaq Oosman. The transaction was carried out electronically, in coordination with the Central Depository Company (CDC), as detailed in a regulatory filing dated January 15, 2026.

The share transfer, executed under the guidelines of regulation 5.6.1(d) and 5.19.15 of the Pakistan Stock Exchange's Rule Book, underscores the continued familial investment within Al-Noor Sugar Mills. This move, though not involving a monetary exchange, represents a significant reshuffling of ownership stakes among the company's stakeholders.

According to information available from the Pakistan Stock Exchange (PSX), such transactions are a matter of public record, emphasizing transparency in the dealings of publicly listed entities. The disclosure highlights the adherence to regulatory requirements governing corporate governance and shareholder communications.

This development comes as part of the company's broader narrative within the designated market category, reflecting ongoing shifts and activities within its leadership and ownership structure. As Al-Noor Sugar Mills continues its operations, the movement of shares among its directors and their families remains a point of interest for investors and market analysts alike.