Karachi: Shahzad Textile Mills Limited has disclosed significant changes in the shareholding of its key personnel following recent transactions executed by its directors. According to a report filed on October 2, 2026, with the Pakistan Stock Exchange, the transactions involve the inheritance of shares by company executives, which has resulted in notable shifts in their cumulative shareholdings.

The report details that Mr. Imran Aslam, an Executive Director of Shahzad Textile Mills Limited, received 1,008,636 shares through inheritance. This transaction has increased his cumulative shareholding to 5,495,007 shares, representing 30.58% of the company's total shares. This increase marks a very large or significant move in his shareholding position.

Similarly, Mr. Irfan Aslam, a Non-Executive Director, also inherited 1,008,636 shares. This acquisition brought his total shareholding to 5,450,006 shares, accounting for 30.32% of the company's shares, also indicating a very large or significant move.

According to information available from the Pakistan Stock Exchange (PSX), these transactions will be reviewed in the forthcoming Board Meeting of Shahzad Textile Mills Limited. The meeting will address any non-compliance issues related to these transactions, as mandated by clause No. 5.6.4 of the PSX Regulation.

These developments reflect substantial adjustments in the ownership structure of Shahzad Textile Mills Limited, with both directors now holding a significant majority of the company's shares.