Karachi: Artistic Denim Mills Ltd has reported a transaction involving its Chief Executive Officer and Director, Mr. Muhammad Yousuf Ahmed, according to a disclosure submitted to the Pakistan Stock Exchange. Dated July 17, 2026, the document outlines a recent share transaction executed by Mr. Ahmed.

In a transaction dated July 15, 2026, Mr. Ahmed transferred 313,000 shares as a gift, with each share valued at the rate of 0.00 Rupees. Following this transaction, his cumulative shareholding stands at 500 shares, representing 0.0005% of the company. According to information available from the Pakistan Stock Exchange (PSX), the transaction is categorized under a 'Gift Out' nature, reflecting the non-monetary transfer of shares.

Artistic Denim Mills Ltd has confirmed that this transaction will be discussed in the upcoming board meeting. The company will highlight any potential non-compliance issues, as mandated by clause 5.6.4 of PSX Regulations. Furthermore, the company assured that the holding period for the transaction exceeds six months. Should the holding period be less than six months, the Securities Act, 2015 stipulates that any profit from such transactions must be deposited with the Securities and Exchange Commission of Pakistan (SECP) under the specified guidelines.