Lahore: Nimir Industrial Chemicals Limited (NICL) has announced a significant transaction involving the sale of a substantial portion of its shares. According to a disclosure report dated November 3, 2026, Nadeem Nisar and Shaheen Nadeem, substantial shareholders of NICL, have entered into a Share Purchase Agreement (SPA) with Cherat Cement Company Limited. The agreement, signed on October 30, 2026, involves the sale of 14,457,000 shares, representing approximately 13.07% of the company's issued and paid-up share capital, at a price of Rs. 340 per share.

The transaction, as detailed in the disclosure form filed in compliance with Section 96 and 131 of the Securities Act 2015 and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited, is contingent upon the satisfaction of various conditions precedent outlined in the SPA, including obtaining necessary regulatory approvals.

According to information available from the Pakistan Stock Exchange (PSX), the agreement's execution is a notable event in the market category, highlighting the strategic movements within the industrial and chemical sectors. The sale involves 5,945,250 shares by Nadeem Nisar and 8,511,750 shares by Shaheen Nadeem, both at the agreed rate of Rs. 340 per share.

The successful completion of this transaction will mark a significant realignment of shareholding within Nimir Industrial Chemicals Limited, contingent upon regulatory approvals and fulfillment of the necessary conditions outlined in the agreement. The stakeholders and the market will closely monitor the developments as the transaction progresses through the required regulatory pathways.