Lahore: Fatima Fertilizer Company Limited, a substantial shareholder of Agritech Limited, executed multiple transactions to increase its stake in the company during September 2024. According to information available from the Pakistan Stock Exchange (PSX), Fatima Fertilizer purchased 662,000 shares on September 24, 2024, at a rate of 33.21 Rupees per share, followed by an additional 250,000 shares on September 26, 2024, at a rate of 33.81 Rupees per share.
These transactions were conducted in the ready market, with the shares held in the Central Depository Company (CDC) format. The details of these acquisitions will be presented in the next board meeting of Agritech Limited, as required under clause 5.6.1(d) of the PSX Regulations. Compliance with the regulatory framework will also be reviewed and any non-compliance will be addressed.
The disclosure of interest by substantial shareholders is part of the company's ongoing commitment to maintaining transparency and compliance with PSX rules.