Karachi: On July 17, 2026, a significant transaction involving shares of Artistic Denim Mills Ltd was disclosed by Mr. Muhammad Yousuf Ahmed, the company's Chief Executive Officer and Director. The transaction, classified under the Pakistan Stock Exchange (PSX) regulations, specifically involves the gifting of 313,000 shares through the Central Depository Company (CDC) on July 15, 2026.

According to information available from the Pakistan Stock Exchange (PSX), Mr. Ahmed's transaction resulted in a cumulative shareholding of 313,500 shares, which constitutes 0.3732% of the company. The rate per share was reported at Rs. 0.00, indicating a non-monetary transfer categorized as "Gift In."

As per the company's confirmation, this transaction will be reviewed in the upcoming board meeting, with a focus on adherence to clause 5.6.4. of the PSX regulations. Furthermore, the company assured compliance with Section 105 of the Securities Act, 2015, by acknowledging the holding period of over six months. Any transactions within this period would necessitate the deposit of profit equivalent to a cheque with the Securities and Exchange Commission of Pakistan (SECP), under notification to the PSX.

The designated market category for this disclosure remains strictly adhered to the PSX regulations, ensuring transparency and regulatory compliance.