Lahore: Zahidjee Textile Mills Limited has announced a significant transaction involving its Executive Director, Muhammad Zahid, in accordance with the disclosure requirements set by the Pakistan Stock Exchange (PSX) regulations. On April 22, 2025, Muhammad Zahid executed a transaction under the "Gift In" category, involving 665,434 shares of the company.

The shares were transferred through the Central Depository Company (CDC) without any transaction cost, as indicated by the rate of 0.00. Following this transaction, the cumulative shareholding of Muhammad Zahid stands at 40,310,062 shares, with the market value of each share being 21.06.

According to information available from the Pakistan Stock Exchange (PSX), this disclosure aligns with the requirements outlined under section 5.6.4, which mandates transparency in share dealings by directors, executives, and substantial shareholders of listed companies. The textile sector, under which Zahidjee Textile Mills Limited operates, is a key component of the designated market category on the PSX.

This transaction reflects the ongoing compliance efforts of Zahidjee Textile Mills Limited to maintain transparency in its corporate governance practices, ensuring that all stakeholders are informed of significant changes in shareholding by key company figures.