Karachi: Sanghar Sugar Mills Limited has addressed concerns regarding the unusual movement in the price of its shares, identified as "SANSM," amid recent developments and disclosures. The company issued a statement in response to inquiries from the Pakistan Stock Exchange (PSX), emphasizing its lack of awareness about any internal or external factors contributing to the share price fluctuations observed since December 2024.

On March 27, 2025, Sanghar Sugar Mills Limited reiterated information previously shared in its Annual Report 2024 and during a Corporate Briefing Session transmitted via PUCARS on January 6, 2025. The company highlighted its ongoing efforts toward digital transformation, a strategic initiative aimed at enhancing business processes and customer experiences through digital technologies. This transformation includes automating manual tasks, integrating data, and creating a paperless environment, with potential impacts across all departments.

According to information available from the Pakistan Stock Exchange (PSX), the disclosed plans and transformations are part of the company's routine business activities and do not constitute price-sensitive information. The company has consistently denied any knowledge of developments that might have led to the unusual share price movements, reaffirming this position in communications with the PSX dated December 27, 2024, and February 7, 2025.

Sanghar Sugar Mills Limited emphasized that the digital transformation strategy, as outlined in the "Corporate Social Responsibility Plans" section of their report, is a standard business strategy and not linked to the observed share price changes. Despite the ongoing fluctuations, the company maintains that there are no significant developments or matters within its operations to account for the shifts in share prices.