Lahore: Millat Tractors Limited has reported substantial share splits executed by key members of its executive and non-executive board, as well as their immediate family members. The announcement, made on July 13, 2026, comes under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The series of transactions took place on June 22, 2026.
Non-Executive Director Sikandar Mustafa Khan undertook a significant split-in transaction, acquiring 11,015,013 physical shares, resulting in a cumulative holding of 22.03 million shares, which accounts for 5.52% of the total shares. Additionally, Khan executed a split-in of 13,555 shares in the Central Depository Company (CDC) format, totaling 27,110 shares, representing 0.01% of the company's shares.
Cyma Khan, the spouse of Sikandar Mustafa Khan and also a Non-Executive Director, executed a split-in of 7,811,256 physical shares. This action increased her cumulative shareholding to 15.62 million shares, equivalent to 3.92% of the company's shares.
Executive Director Sohail Bashir Rana executed a split-in of 12,442,323 physical shares, resulting in a total of 24.88 million shares, making up 6.24% of the company's shares. In addition, Rana conducted a split-in of 4,098 shares in CDC format, leading to a cumulative total of 8,196 shares, although this represents 0.00% of the shares.
Ayesha Sohail, spouse of Sohail Bashir Rana and also an Executive Director, completed a split-in of 1,400,822 physical shares, which increased her holdings to 2.80 million shares, representing 0.79% of the shares. She also executed a split-in of 1,190 shares in CDC format, totaling 2,380 shares, maintaining a 0.00% shareholding.
Non-Executive Director Laeeq Ud Din Ansari carried out a split-in of 13,506,461 physical shares, resulting in a cumulative total of 27.01 million shares, which constitutes 6.77% of the company's shares. Additionally, Ansari executed a split-in of 1,581,258 shares in CDC format, bringing his total to 3.16 million shares, equivalent to 0.79% of the shares.
Samina Laeeq, spouse of Laeeq Ud Din Ansari and a Non-Executive Director, conducted a split-in of 42,581 physical shares, resulting in a cumulative total of 85,162 shares, representing 0.02% of the company's shares.
According to information available from the Pakistan Stock Exchange (PSX), these transactions reflect a significant reallocation of shares among the company's leadership and their spouses, a move that underscores the strategic interests of key stakeholders in Millat Tractors Limited within the designated market category.