Karachi: Khairpur Sugar Mills Limited has disclosed a significant transfer of shares involving its executive leadership. The company announced these transactions on March 18, 2025, in compliance with Pakistan Stock Exchange (PSX) Regulation 5.6.4, which mandates disclosure of interest by relevant persons holding company shares.

The transactions, dated March 17, 2025, reveal that Yasmeen Mubeen Jumani, spouse of Executive Director Muhammad Mubeen Jumani, transferred 1.50 million shares out of her holdings through the Central Depository Company (CDC) as part of an inheritance transaction. The shares were valued at a rate of 10.00 per share. As a result of this transaction, her cumulative shareholding now stands at zero shares, representing 0.00% of the company.

The disclosure further details that Fahad Mubeen Jumani, a Non-Executive Director, acquired 1.50 million shares via inheritance on the same date, increasing his cumulative shareholding to 3.10 million shares. This acquisition elevates his total ownership to 19.35% of the company's shares.

Additionally, Yasmeen Mubeen Jumani executed another inheritance out-transaction involving 500,000 shares at the same rate of 10.00 per share. Similar to the previous transaction, this left her with no remaining shares and a cumulative percentage of 0.00%.

Muhammad Mubeen Jumani, the Executive Director, received 500,000 shares through an inheritance in-transaction, raising his cumulative shareholding to 660,175 shares. This accounts for 4.12% of the company's shares.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are part of standard procedural disclosures necessary for maintaining transparency and accountability among publicly listed companies. The transactions reflect internal shareholding adjustments within the company’s executive circle, affecting the designated market category of Khairpur Sugar Mills Limited.