Lahore: In a series of transactions on March 11, 2025, Ahmad Shafi, the Chief Executive Officer of The Crescent Textile Mills Limited, executed significant share purchases, according to a disclosure made under the Pakistan Stock Exchange Regulation 5.6.4. This disclosure was made public on March 14, 2025, detailing the transactions performed by Shafi in his capacity as a relevant person holding company shares.

The transactions involved a total of 10 separate purchases, all executed on the same day, with Shafi acquiring a cumulative total of 10,000 shares. These transactions were conducted at varying rates, ranging from PKR 13.11 to PKR 13.36 per share. The cumulative shareholding of Shafi, following these transactions, stood at 22,394,736 shares, representing 22.39 percent of the company’s total shares.

According to information available from the Pakistan Stock Exchange (PSX), the purchases were executed in the Central Depository Company (CDC) format, indicating the use of electronic share certificates. The nature of these transactions was categorized under the 'Ready' market, a standard designation for immediate execution and settlement of trades.

The Crescent Textile Mills Limited is categorized under the textile manufacturing sector in the Pakistan Stock Exchange. The transactions by the CEO reflect a continued interest and investment in the company, potentially signaling confidence in the company’s prospects and its operational strategies moving forward.