Karachi: Faran Sugar Mills Ltd. has disclosed a recent share transaction executed by its Company Secretary, Muhammad Ayub, involving the sale of company shares. According to the disclosure submitted under section 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations, the transaction was carried out on April 28, 2025.

The transaction involved the sale of 933 shares at a rate of 43.35 per share through the Central Depository Company (CDC) in the ready market. Following this sale, the cumulative number of shares held by Muhammad Ayub stands at 1,580, which represents a cumulative percentage of 0.004% of the company's total shares.

The company has confirmed that this transaction will be presented at the subsequent board meeting for consideration. This includes an evaluation of any non-compliance issues in accordance with clause 5.6.1.(d) of the PSX Regulations. The proceeds from the transaction have been deposited with the company.

This transaction follows the allotment of fractional shares to the Company Secretary, as per a resolution passed by the Board of Directors on August 26, 2024. According to information available from the Pakistan Stock Exchange (PSX), the transaction details have been shared with the exchange members for their information and records.

Faran Sugar Mills Ltd. operates within the designated market category, with its activities and disclosures subject to oversight and regulations set forth by the PSX. The company has reiterated its commitment to compliance and transparency in financial dealings as part of its corporate governance practices.