Karachi: Faisal Spinning Mills Limited has disclosed a significant transaction involving the company’s substantial shareholder, Admiral (Private) Limited, according to a statement dated March 25, 2026. This disclosure comes under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, which mandates transparency in transactions by key company stakeholders.
The transaction, executed on March 19, 2026, involved the purchase of 2,000 shares by Admiral (Private) Limited, a substantial shareholder in Faisal Spinning Mills Limited. The shares were acquired in the form of CDC Ready Market transactions. The cumulative number of shares held by Admiral (Private) Limited after this transaction stands at 396.68 million, representing a 15.04% ownership stake in the company.
According to information available from the Pakistan Stock Exchange (PSX), the transaction is a noteworthy event for the stakeholders of Faisal Spinning Mills Limited. The acquisition underlines Admiral (Private) Limited’s ongoing interest and investment in the company, further cementing their role as a key player in the corporate structure.
This disclosure is in line with the regulatory requirements that aim to maintain transparency and provide shareholders with timely and relevant information about significant changes in the ownership of the company’s shares. The market category for this transaction is classified under the Ready Market, which is an integral part of the trading activities at PSX.