Karachi: Suraj Cotton Mills Limited has disclosed a recent transaction involving its shares by an independent director. According to a notification released under the Pakistan Stock Exchange (PSX) regulation 5.6.4, the transaction was executed on July 7, 2025.
The transaction involved Maheen Hisham Adamjee, an independent director of Suraj Cotton Mills Limited, who purchased 100 shares of the company. The shares were acquired at a rate of 122.98 each, and the transaction was conducted through the Central Depository Company (CDC). Following this transaction, the cumulative number of shares held by the director increased to 120, maintaining a cumulative percentage of zero.
According to information available from the Pakistan Stock Exchange (PSX), the disclosure of interest is a regulatory requirement for directors, executives, and substantial shareholders, along with their spouses and minors, who hold shares in the company. This measure ensures transparency and compliance within the market.
Suraj Cotton Mills Limited operates within the textiles sector, a designated market category known for its significant contribution to the nation's economy. The company's adherence to PSX regulations reflects its commitment to maintaining transparency and accountability in its dealings.