karachi: In a noteworthy transaction disclosed on June 23, 2026, Mohammad Naveed, an Executive Director at Kohinoor Spinning Mills Limited, executed a significant share movement. This transaction involved a gift out of 30.00 million shares, a substantial number by any measure.
This disclosure follows the stipulations under PSX Regulation 5.6.4, which mandates the reporting of such activities by key company figures. The action took place on June 17, 2026, in the ready market, with the form of the share certificates being Central Depository Company (CDC). The transaction was executed at a rate of 0.00, reflecting its nature as a gift rather than a sale or purchase.
According to information available from the Pakistan Stock Exchange (PSX), the cumulative number of shares held by Mohammad Naveed post-transaction stands at 61.54 million. This accounts for a cumulative percentage of 11.13% of the company’s total shares, marking a very large or significant move in terms of shareholding alteration.
Observers and market analysts will likely keep a keen eye on further disclosures and transactions from Kohinoor Spinning Mills Limited, as such substantial movements can often signal strategic shifts or personal decisions by key company personnel.