Karachi: Kohinoor Spinning Mills Limited has disclosed a significant transaction involving its Executive Director, Mohammad Naveed, in compliance with Pakistan Stock Exchange (PSX) Regulation 5.6.4. The company announced the transaction on May 19, 2025, detailing the transfer of shares as a gift.

According to the information provided by the company, Mohammad Naveed, the Executive Director, executed a transaction involving the gifting of 30 million shares. This transaction was categorized under the 'Ready' market form with the shares being transferred at a rate of 0.00, indicating a non-monetary exchange.

The cumulative number of shares held by Mohammad Naveed after this transaction stands at 100,542,612, which represents 23.08% of the company's total shares. This disclosure is part of the company's compliance with regulatory requirements.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are mandatory for transparency in financial dealings involving substantial shareholders or executives of listed companies. The transaction by Mohammad Naveed is consistent with these regulations, ensuring that stakeholders are informed of changes in shareholding by persons in pivotal roles within the company.

Kohinoor Spinning Mills Limited operates within the textile market category, contributing to the sector's dynamic activities on the exchange. The company's adherence to disclosure norms highlights its commitment to maintaining transparency in its operations.