Executive Director of Sunrays Textile Mills Limited Discloses Gifted Shares in Recent Transaction

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Karachi, In a recent disclosure of interest, Kashif Riaz, the Executive Director of Sunrays Textile Mills Limited, has reported a transaction involving gifted shares. The details of the transaction are as follows:

On June 16, 2023, Kashif Riaz executed a gift transaction, involving 897,000 shares of the company. The shares were transferred at a rate of 0.00 and were in the form of CDC (Central Depository Company) certificates. The transaction took place through CDC, which is the market recognized for such dealings.

This disclosure sheds light on the director’s involvement in the company’s shareholding and underscores the importance of transparency in such matters. The gift transaction implies a transfer of ownership to an undisclosed party or recipient.

The market will be closely monitoring any subsequent developments related to this transaction and its impact on Sunrays Textile Mills Limited.

Investors and stakeholders in Sunrays Textile Mills Limited are urged to stay informed and remain vigilant as the company navigates through this disclosure.