Karachi: Shahmurad Sugar Mills Limited has announced a notable transfer of shares within its leadership. In a disclosure dated January 15, 2026, under regulation 5.6.1(d) of the Pakistan Stock Exchange Rule Book, the company detailed the acquisition of shares by one of its directors.

According to the notification, Mr. Noor Mohammad Zakaria, a director of Shahmurad Sugar Mills Limited, has received a substantial gift of 377,851 shares from his sister, Nafisa Mushtaq Oosman. The shares were transferred electronically within the Central Depository Company (CDC) and the nature of the transaction was specified as a gift.

The announcement adheres to the compliance requirements outlined in Sub-clause 5.6.1. (d) and 5.19.15 of the Exchange Rule Book. According to information available from the Pakistan Stock Exchange (PSX), the transaction does not involve any purchase or sale of shares, as it was a gift.

This transfer of shares signifies a big move, illustrating a significant intra-family transaction within the company’s leadership. The shareholding change does not reflect any monetary transaction, as the price for the gifted shares was not applicable.

The transaction details are clear in terms of the electronic form of the shares, ensuring transparency and regulatory compliance as mandated by the PSX guidelines.