⚡ 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.