Lahore: Kohinoor Spinning Mills Limited has announced a significant transaction involving its executive director, Mohammad Hamza Yousaf, as per the Pakistan Stock Exchange's (PSX) Regulation 5.6.4. The disclosure was made on February 20, 2025, detailing a share movement conducted by the executive director.

On February 19, 2025, Mohammad Hamza Yousaf, an executive director of Kohinoor Spinning Mills Limited, executed a transaction involving the gift of 3.00 million shares. This transaction was conducted in the ready market and carried a rate of 0.00, as per the company's report. Following this transaction, the cumulative number of shares held by Yousaf stands at 7.20 million, representing a cumulative percentage of 1.75% of the company's total shareholding.

According to information available from the Pakistan Stock Exchange (PSX), such transactions are part of mandatory disclosures required by the exchange to maintain transparency and inform stakeholders of significant share movements by key individuals within a company. The disclosure indicates the ongoing commitment of Kohinoor Spinning Mills Limited to adhere to regulatory requirements set forth by the PSX.

This transaction falls under the designated market category for ready market transactions, an essential aspect of stock exchange operations that facilitates the immediate trading of shares. The disclosure of this transaction aligns with the regulatory framework that governs share dealings by directors and substantial shareholders, ensuring that all market participants have access to timely and accurate information.