KARACHI: Tandlianwala Sugar Mills Ltd. (TSML) has observed an unusual movement in its share prices, drawing attention from market participants and prompting a response from the company. On July 9, 2026, TSML issued a statement in reaction to inquiries from the Pakistan Stock Exchange (PSX) regarding these fluctuations.

The company's announcement came in response to a July 6, 2026, letter from the PSX, identified as No. PSX Gen-772. Tandlianwala Sugar Mills Ltd. clarified that it is unaware of any price-sensitive events or material information that could explain the recent stock price movements. This position was previously communicated to the PSX in a letter dated June 19, 2026, bearing reference number TSML/PSX/Z191/206.

According to information available from the Pakistan Stock Exchange (PSX), the lack of new disclosures from TSML corresponds with the company's consistent stance that no undisclosed price-sensitive events have occurred. TSML reiterated that all material or price-sensitive information, if any, has been duly uploaded to the Pakistan Unified Corporate Action Repository (PUCAR).

The management and sponsors of Tandlianwala Sugar Mills Ltd. have reaffirmed their detachment from the ongoing fluctuations in share prices. They emphasized that any relevant information has been made accessible to the public through the appropriate channels, maintaining transparency with stakeholders.

As the market continues to monitor the situation, Tandlianwala Sugar Mills Ltd. remains committed to upholding its communication protocols and ensuring that any developments are promptly shared with the PSX and its investors.