Karachi: Ideal Dynamics Limited, previously known as Ideal Spinning Mills Limited, has demonstrated consistency in its free float of shares as evidenced by the recently released statement of free float for the fiscal year ending on June 30, 2026. The statement, which was assured by Riaz Ahmad & Company, covers quarterly periods from September 30, 2025, to June 30, 2026.
According to the assurance report dated October 12, 2026, the total outstanding shares of Ideal Dynamics Limited remained constant at 9,920,000 across all quarters. The free float calculation, which adheres to Regulation No. 5.7.2(b)(ii) of the Pakistan Stock Exchange Limited Regulations, showed a slight increase over the year. The free float was 1,104,100 shares at the end of the first two quarters and increased marginally to 1,105,600 and 1,105,900 shares in the third and fourth quarters, respectively.
The management of Ideal Dynamics Limited is tasked with preparing the statement, ensuring it is free from material misstatements, an effort supported by adequate internal controls. The assurance engagement was conducted in accordance with International Standard on Assurance Engagements 3000 (Revised).
According to information available from the Pakistan Stock Exchange (PSX), the statement's preparation involved a comprehensive assessment of various categories of shareholdings. These included shares held by directors, sponsors, senior management, and their associates, which consistently totaled 2,135,800 shares each quarter. Additionally, shares in physical form slightly decreased from 6,680,100 in the first two quarters to 6,678,300 by the fourth quarter.
The statement also noted that 628,765 shares, held by government entities such as the National Bank of Pakistan and CDC Trustee National Investment (Unit) Trust, were classified as free float, as these do not face restrictions on sale and are not considered strategic investments.
The assurance report emphasized that the statement was prepared in all material respects in accordance with the PSX Regulations, with the assurance procedures verifying the computation of the free float and its compliance with the applicable criteria. The report also highlighted that its use and distribution are restricted to the requirements stipulated under the said regulation.