Karachi: Shahzad Textile Mills Limited has disclosed recent share transactions executed by key figures within the company, including non-executive directors and substantial shareholders, as per the Pakistan Stock Exchange (PSX) regulations. The transactions, which involve selling shares, are set to be reviewed in an upcoming board meeting.

The transactions, carried out under PSX Regulation 5.6.4, were executed by non-executive director Mr. Irfan Aslam and Mrs. Nazish Imran. Mr. Irfan Aslam sold 25,000 shares at a price of 83.96, resulting in a cumulative shareholding of 4.44 million shares, which represents a 24.71% stake in the company. Mrs. Nazish Imran sold 1,448 shares at the same rate, bringing her total shareholding to 298,552 shares, equivalent to a 1.66% stake.

These transactions were conducted in the ready market on July 15, 2025. According to information available from the Pakistan Stock Exchange (PSX), the transactions and any potential non-compliance issues will be presented at the subsequent board meeting for review and consideration.

Shahzad Textile Mills Limited operates within the designated market category of the textile sector. The company's adherence to PSX regulations and the implications of these transactions on shareholder interests will be carefully evaluated in the upcoming board discussions.