Karachi: Jahangir Siddiqui & Co. Ltd has announced a significant increase in Mr. Jahangir Siddiqui's ownership stake in the company through the acquisition of additional Class 'A' Preference Shares. The acquisition, which took place on May 02, 2025, involved the purchase of 17,401,356 shares at a price of Rs. 8.85 per share.

The transaction was executed in electronic form through the Central Depository Company (CDC) and characterized as a purchase through NDM. Following this acquisition, Mr. Siddiqui's total shareholding in the Class 'A' Preference Shares of the company now stands at 157,925,510, representing a cumulative shareholding percentage of 86.21%.

According to information available from the Pakistan Stock Exchange (PSX), the disclosure was made under PSX Rule Book and the Securities Act, 2015, which mandates transparency in significant shareholding changes. The transaction details, as required under clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange Limited, were provided by the company to ensure compliance with regulatory requirements.

The designated market category for this transaction and the disclosure underscores the importance of adherence to financial regulations in maintaining market integrity.