Karachi: Colony Textile Mills Limited has reported significant share transactions involving its Executive Director, Fareed Mughis Sheikh, according to a disclosure filed with the Pakistan Stock Exchange. The transactions, dated November 3 and November 4, 2026, were executed as gifts, significantly affecting the cumulative shareholding of the executive within the company.

On November 3, 2026, Fareed Mughis Sheikh received 12,251,186 shares in physical form as a gift. This transaction increased his cumulative shareholding to 219,195,196, translating to a 44.01% holding in the company. Following this, on November 4, 2026, Sheikh accepted an additional 8,807,342 shares in Central Depository Company (CDC) form. This further elevated his total shareholding to 228,002,538 shares, amounting to a 45.78% stake.

According to information available from the Pakistan Stock Exchange (PSX), these transactions underscore a notable shift in share ownership for Colony Textile Mills Limited. The transfer of shares as gifts is a significant move within the company's executive ranks, reflecting the ongoing dynamics in share distribution among key stakeholders.