Karachi: In a notable transaction within the First Tri-Star Modaraba, Ms. Farnaz Ahmad, the spouse of Mr. Asad Ahmad, who serves as the Executive Director, has executed a substantial gift of shares. According to the disclosure of interest filed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, the transaction was reported on August 19, 2026.

The transaction, dated August 11, 2026, involved a transfer of 2 million shares, executed through the Central Depository Company (CDC). The shares were gifted out, with no monetary exchange involved, as reflected by the rate of 0.00. This transaction has resulted in Ms. Ahmad's cumulative shareholding reaching 3.50 million shares, representing a 16.55% stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), the nature of this transaction, categorized as a gift, underscores the strategic decision-making and familial linkages within the company’s executive leadership. The substantial movement in shares, while not impacting the immediate financial metrics due to the zero rate, signifies a very large or significant move in terms of shareholding distribution.

The designated market category for First Tri-Star Modaraba remains unchanged, highlighting the ongoing stability in its operational framework amidst internal shareholding adjustments. This disclosure serves as an essential update for stakeholders monitoring the corporate governance and insider activities within the company.