Karachi: In a significant development within the sugar industry, Shahmurad Sugar Mills Limited has executed a series of transactions in the shares of Al-Noor Sugar Mills Limited, as disclosed on November 24, 2025. The transactions were conducted in compliance with the Pakistan Stock Exchange (PSX) regulations, specifically under section 5.6.4.
The associated company, Shahmurad Sugar Mills Limited, completed multiple purchases over three consecutive days. On November 19, 2025, the company acquired 14,000 shares at a rate of 101.95 Pakistani Rupees and 18,000 shares at 102.15 Pakistani Rupees, resulting in a cumulative shareholding of 503,678 shares, reflecting a 2.46% stake. Additionally, 20,000 shares were bought at a rate of 102.90 Pakistani Rupees, increasing the shareholding to 523,678 shares or 2.56%.
On November 20, 2025, Shahmurad Sugar Mills Limited continued its buying spree, acquiring 10,300 shares at 102.01 Pakistani Rupees and 27,300 shares at 103.51 Pakistani Rupees, leading to a cumulative shareholding of 561,278 shares with a 2.75% stake. The following day, November 21, 2025, saw the acquisition of 54,479 shares at 102.25 Pakistani Rupees. This transaction brought the total shareholding to 615,757 shares, representing a 3.01% stake, which qualifies as a big move.
According to information available from the Pakistan Stock Exchange (PSX), Shahmurad Sugar Mills Limited’s transactions in Al-Noor Sugar Mills Limited shares are set to be presented to the Board of Directors in an upcoming meeting. The outcome of this review will be communicated to the Exchange subsequently, as mandated by the regulations.
These transactions highlight Shahmurad Sugar Mills Limited’s strategic interest in expanding its stake in Al-Noor Sugar Mills Limited, an operation that could potentially influence market dynamics within the designated market category of the sugar industry.