Karachi: Shahmurad Sugar Mills Limited has disclosed its acquisition of a notable stake in Al-Noor Sugar Mills Limited through a recent transaction, as per a statement issued by the company. On January 23, 2026, Shahmurad Sugar Mills Limited executed a purchase of 150,000 shares in Al-Noor Sugar Mills Limited at a rate of 135.01 Pakistani Rupees per share. This transaction has resulted in an increase in the company’s cumulative shareholding in Al-Noor Sugar Mills Limited to 765,757 shares, representing a 3.74% stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), this transaction is categorized as a very large or significant move, given the percentage increase in shareholding. The transaction is slated to be reviewed by Shahmurad Sugar Mills Limited’s Board of Directors at an upcoming meeting, in compliance with PSX regulations.

The company has affirmed its commitment to adhering to the regulatory requirements, stating that it will further confirm the details of the transaction to the exchange following the board meeting. This acquisition is a notable development within the designated market category of sugar mills, showcasing active participation and investment within the sector.