Karachi: In a notable transaction within Biafo Industries Limited, a substantial transfer of shares has occurred as part of a disclosed interest transaction under the P55 Regulation 5.6.4. The transaction, executed on April 1, 2026, involved non-executive director Khwaja Ahmad Hosain and substantial shareholder Yasmin Hosain.

According to the disclosure, Khwaja Ahmad Hosain, a non-executive director of the company, received a transfer of 8,969,805 shares as a gift. This transaction increased his cumulative shareholding in Biafo Industries to 9,517,963 shares, representing a cumulative percentage of 20.52% in the company.

Simultaneously, Yasmin Hosain, identified as a substantial shareholder, executed a gift out of the same number of shares, 8,969,805, which resulted in her cumulative shareholding dropping to zero. The nature of this transaction underscores the shifting dynamics within the shareholding structure of Biafo Industries.

According to information available from the Pakistan Stock Exchange (PSX), the share transfer was facilitated through the Central Depository Company (CDC). The transaction was executed with a rate of 0.00, indicating the non-monetary nature of this significant exchange.

The Karachi-based company is listed under the designated market category of the PSX, and such transactions are closely watched by market participants for their potential impact on corporate governance and shareholder value. The transfer of shares between these related parties presents a transparent view of internal shifts in ownership within Biafo Industries.