Lahore: Crescent Textile Mills Limited has disclosed a significant transaction involving its Chief Executive Officer, Ahmad Shafi. On March 18, 2025, the company announced through a regulatory filing under PSX Regulation 5.6.4 that Mr. Shafi has executed a purchase of additional shares in the company.

According to the disclosure, the transaction was executed on March 14, 2025. Ahmad Shafi, acting in his capacity as CEO, acquired 17,000 shares at a rate of 13.37 per share. This transaction increases his cumulative shareholding in Crescent Textile Mills Limited to 22,453,236 shares, which accounts for 22.45 percent of the total shares.

The shares were acquired in the Central Depository Company (CDC) Ready market segment. According to information available from the Pakistan Stock Exchange (PSX), such transactions by executives and significant shareholders are subject to regulatory scrutiny and transparency requirements to ensure fair market practices.

This acquisition by Ahmad Shafi reflects a continued commitment to the company's prospects, aligning the CEO's interests with those of the shareholders. The Crescent Textile Mills Limited operates within the designated market category of textiles, a significant sector in the region's economy.