⚡ Flash Summary
On November 24, 2025, Al-Noor Sugar Mills Ltd. announced the disclosure of interest by its associated company, Shahmurad Sugar Mills Limited. Shahmurad Sugar Mills Limited executed multiple transactions, purchasing shares of Al-Noor Sugar Mills through the ready market via CDC. These transactions occurred between November 19-21, 2025, with purchase prices ranging from Rs. 101.95 to Rs. 103.51 per share, increasing Shahmurad Sugar Mills Limited’s cumulative shareholding in Al-Noor Sugar Mills to 3.01%. The transactions will be placed before the Board of Directors.
📌 Key Takeaways
- 🗓️ Announcement date: November 24, 2025.
- 🏢 Company: Al-Noor Sugar Mills Ltd.
- 🤝 Associated company: Shahmurad Sugar Mills Limited.
- 📝 Subject: Disclosure of interest by an associated company.
- 📜 Regulation: U/S 5.6.4. of PSX Regulations.
- 📈 Transactions: Purchase of shares in Al-Noor Sugar Mills.
- 🏦 Market: Ready market.
- 📝 Form of Shares: CDC.
- 📅 Transaction dates: November 19-21, 2025.
- 💰 Rate per share: Ranging from Rs. 101.95 to Rs. 103.51.
- ⬆️ Cumulative shareholding increase: To 3.01%.
- ✔️ Transactions to be placed before the Board of Directors.
- 🏢 Company Secretary: M. Yasin Mughal.
- 📍 Location: Karachi, Pakistan.
🎯 Investment Thesis
HOLD. The disclosure of interest indicates potential confidence from an associated company but does not warrant a change in investment strategy without further data on operational or strategic synergies. The increased shareholding to 3.01% requires continued monitoring. Price target and time horizon would require a comprehensive financial model, which is beyond the scope of this announcement.
Disclaimer: AI-generated analysis. Not financial advice.