ALNRS

⚡ 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.

⚡ Flash Summary

On October 10, 2025, Al-Noor Sugar Mills Ltd. disclosed a transaction where its associated company, Shahmurad Sugar Mills Limited, purchased 471,678 shares of Al-Noor Sugar Mills at a rate of Rs. 91.00 per share. This acquisition resulted in Shahmurad Sugar Mills holding 2.30% of Al-Noor Sugar Mills’ total shares. The transaction was executed on the ready market and will be presented before the Board of Directors in their upcoming meeting, as per PSX regulations. The company will further confirm the details to the Exchange after the meeting.

📌 Key Takeaways

• 🤝 Associated company Shahmurad Sugar Mills bought shares.
• 🏢 Company: Al-Noor Sugar Mills Ltd.
• 🏭 Associated Company: Shahmurad Sugar Mills Limited.
• 🗓️ Transaction date: October 8-10, 2025.
• 🛒 Transaction Type: Buy.
• 📈 Number of shares purchased: 471,678.
• 💲 Purchase price per share: Rs. 91.00.
• 📊 Cumulative shareholding after transaction: 471,678 shares.
• ⚖️ Resulting percentage ownership: 2.30%.
• 📜 Compliance: U/S 5.6.4 of PSX Regulations.
• 🗓️ Transaction to be placed before the Board of Directors.
• ✅ Confirmation to the Exchange after the meeting.
• 📍 Market: Ready Market.
• 📑 Form of Share Certificates: CDC.

🎯 Investment Thesis

Based on the current announcement, a HOLD recommendation is appropriate. The share purchase by the associated company does not provide sufficient information to warrant a BUY or SELL decision. The situation warrants careful monitoring of subsequent developments, particularly regarding board decisions and strategic changes. We require further information to assess any potential impact on the fundamental value of Al-Noor Sugar Mills.