Danish Elahi raises stake in Al-Shaheer Corporation Limited

March 27, 2026 (MLN): Danish Elahi has significantly increased his stake in Al-Shaheer Corporation Limited, acquiring 14.3 million voting shares in November 2025, according to a revised disclosure filed with the Securities and Exchange Commission of Pakistan (SECP) this week.

The disclosure reveals that Elahi purchased the shares on November 4, 2025, at Rs. 15 per share a transaction valued at approximately Rs214.5m.

Of the total acquired, 13.5m shares were purchased in his own name, while the remaining 800,000 were acquired by his spouse, Mrs. Safina Danish Elahi.

The acquisition has lifted Elahi's total direct shareholding in the Karachi-based halal food company to 44.9m shares, representing an 11.98% stake up from a previous holding of 30.6m shares, or 8.16% of the company.

The revised filing, signed by Elahi and dated March 25, 2026, was submitted in response to observations raised by SECP's Listed Companies Department in a letter dated March 16, 2026, which had flagged incomplete disclosures in the original submission.

The revised document now includes persons acting in concert, as required under Schedule III of the Listed Companies.

Among those acting in concert with Elahi are two companies linked to the Elahi business group: Kiran Builders & Developers (Private) Limited, holding 2.86m shares (0.76%), and Elahi Bus Service (Private) Limited, with 459,475 shares (0.12%).

Mrs. Safina Danish Elahi holds a cumulative 1.3m shares (0.35%), having acquired 800,000 new shares as part of the November transaction.

Al-Shaheer Corporation, listed on the Pakistan Stock Exchange, is one of Pakistan's largest processors and exporters of halal meat products.

The aforementioned information was disseminated through a notification to Exchange.

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