Karachi: Shakarganj Limited has disclosed a significant share transaction by Masood Fabrics Ltd, a substantial shareholder, according to a recent filing with the Pakistan Stock Exchange (PSX).

On October 1, 2024, Masood Fabrics Ltd purchased 2,770 shares of Shakarganj Limited at a rate of PKR 30.45 per share through the Central Depository Company (CDC) on the ready market. Following this transaction, Masood Fabrics Ltd now holds a total of 13,954,110 shares in Shakarganj Limited, which represents 11.16% of the company's total shares.

According to information available from the Pakistan Stock Exchange (PSX), the disclosure was made under the PSX Regulation 5.6.4, which mandates that directors, CEOs, executives, substantial shareholders, and their spouses and minors must report any transactions involving shares of the company.

This transaction highlights active participation and continued interest of substantial shareholders in the company's equity, reflecting confidence in Shakarganj Limited’s performance and future prospects.