Lahore: Baba Farid Sugar Mills Limited, a prominent entity in the sugar industry, has reported an unusual movement in the price of its shares, as highlighted in a response to an inquiry initiated by the Pakistan Stock Exchange (PSX). The company, in its communication dated December 23, 2025, stated that it is unaware of any specific factors that could have influenced this fluctuation.
The inquiry, referenced in a letter from the PSX dated December 15, 2025, questioned the causes behind the atypical share price activity observed in Baba Farid Sugar Mills Limited. The company, in adherence to Section 97 of the Securities Act, 2015, and Clause 5.6.3 of the PSX Regulations, clarified that no internal developments or undisclosed information were known to have caused the price volatility.
According to information available from the Pakistan Stock Exchange (PSX), the company emphasized that the forthcoming announcement of its 4th Quarter and Annual Accounts results might have contributed to market speculation. However, it affirmed its status as a compliant entity, assuring stakeholders that neither the company nor its Directors were involved in any activities leading to the share price movements.
Baba Farid Sugar Mills Limited reassured its commitment to transparency and regulatory compliance, asserting that all necessary disclosures will be made public in a timely manner. The company’s clarification aims to address investor concerns and maintain confidence in its operational integrity amidst the observed market activity.