Public Announcement of Intention to Acquire up to 53.50% of the issued paid-up share capital and control of Al-Shaheer Corporation Limited

‌AKD Securities Limited

June 30, 2026

The Executive Director,

Public Offering and Regulated Persons Department, Securities Market Division,

Securities & Exchange Commission of Pakistan, NIC Building, Jinnah Avenue, Blue Area, Islamabad.

The General Manager,

Pakistan Stock Exchange Limited,

Stock Exchange Building, Stock Exchange Road, Karachi.

Chief Executive Officer,

AI Shaheer Corporation Limited, Suite # G/5/5, 3rd Floor, Mansoor Tower, Block-8, Shahrah-e-Roomi, Clifton, Karachi, Pakistan

Subject: Public Announcement of Intention to Acquire 53.5096 of the issued ordinary share and control of Al Shaheer Corporation Limited under Securities Act, 2015 ("Act") and Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

Dear Sirs,

We, AKD Securities Limited have been appointed as the Manager to the Offer by Muhammad Farrukh (the "Acquirer"), in accordance with regulation 6(1) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

On behalf of the Acquirer, we are pleased to submit a Public Announcement of Intention to acquire more than 53.50% of the issued and paid-up share capital and control of Al Shaheer Corporation Limited ("Target Company"), subject to receipt of the regulatory approvals, if any.

This Public Announcement of Intention is intended to be published in one English and one Urdu language newspaper on July 2, 2026.

Please find enclosed a copy of the Public Announcement of Intention. Should you require any further information or clarification, please feel free to contact the undersigned.

Usama Liaquat

Head - Investment anking

For and on behalf of AKD Securities Limited (Manager to the Offer) Regards,

Jawad A ed, CFA

Senior ssociate - Investment Banking

TREC Holder: Pakistan Stock Exchange Limited, SSTN-St500927-7 NTN - 1500927-7

Head Office : Suite-602, 6th I-loor, Cont1nenta| Trade Centre, B|ock B, Clifton, Karachi, Pakistan.

UAN : (92-2tj 1 T1-253-121 FAX : (92-21} 35867992, 3586725 Emax} : info@akds}.cc,rn

*"" *° '*88 It h F1oor. Room Noa 93-95 2nd 'Ioor, Plot X D* 1 2nd FI r 'F PIa'fa Nan h Ig azImabad Raom'Np 302 g08 3rd I loar ISb to q, ', t g" 'g $ g p j , $ p| p'"" '

oct C ha e eu d r act £ h e d h p "' "" " "* "' """ "

For any queries regarding your account statement please call 111-253-253 or E-mail us: info@akdsl.com

‌Public announcement of intention to acquire at least 53.50% of the issued ordinary shares and control of

Al Shaheer Corporation Limited ("Target Company") By

Muhammad Farrukh ("Acquirer")

Under Securities Act, 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017

Admonishment: Please note that the public announcement of intention to acquire voting shares/control of Al Shaheer Corporation Limited is subject to obtaining the requisite regulatory approvals including clearance of fit and proper criteria from the Securities & Exchange Commission of Pakistan. The public announcement of intention may be withdrawn, if the requisite approvals are not granted by the concerned regulatory authority(ies).

Part A

Brief description of the intended acquisition -

‌Part B

1. Information about the acquirer

   1. Name(s) and address(es) of acquirer along with persons acting in concert, if any.

      Name	Address
      Muhammad Farrukh	S79-H, Street #15, Phase V, DHA, Lahore Cantt.
      Fehmida Amin	579-H, Street #15, Phase V, DHA, Lahore Cantt.
      Sualeha Farrukh	579-H, Street #15, Phase V, DHA, Lahore Cantt.

   2. Name(s) of the ultimate acquirer or the ultimate controlling shareholder.

      S. No	Name
      1	Muhammad Farrukh

   3. Name and address of manager to the offer of the acquirer.

      Name	AKD Securities Limited
      Address	602, Continental Trade Center, Block 8, Clifton, Karachi.

   4. Principal areas of business of the acquirer and relevant experience.

      Mr. Farrukh brings more than 22 years of hands-on experience in the edible commodity sector, spanning the processing and trading of rice, wheat, flour, spices, salt, and other staple goods. Beyond trading, the acquirer has developed operational and processing facilities within Pakistan, reflecting a vertically integrated approach to the business. This track record encompasses both Pakistan's domestic market and international trade, reflecting a strong command of procurement, processing operations, and the logistics of cross-border commodity flows.

   5. In case the acquirer is a fund / company(s):

      Not Applicable

   6. Detail of companies, where the intended acquirer(s) hold more than thirty percent voting shares:

      Name Company	of	Registration No.	Nature (Listed/Un-Listed/ Private)	Nature business	of	Jurisdiction of Incorporation	Description held control/more than thirty % shares of both
      							Name		Descripti
      Unity PackagUS (Pvt) Limited		0081057	Private Company	Commodit Trading		Karachi	Muhammad Farrukh	3333	Director/ CEO
      Unity Feeds (' Limited	t	0073194	Private Company	Edible Oil		Quetta	Muhammad Farrukh	50.00	Director/ CEO
      Kairos Resources (Pvtj Limited		0152631	Private Company	Financial Consultancy		Karachi	Muham Farrukh	'd	50.00	Director

   7. Information about ultimate beneficial owner of the intended acquirer(s):

      1. Name(s) of the natural person(s), CNIC/Passport Number, nationality and address of each person.

         ‌S. No	Name	CNlC	Nationality	Address
         1.	Muhammad Farrukh	42201-9556701-7	Pakistani	579-H, Street # 1S, Phase V, DHA, Lahore Cantt.

      2. Detail of companies located in and outside Pakistan, where the ultimate acquirer or the ultimate controlling shareholder held control and or more than thirty percent voting shares:

         Name of Company	Registration No.	Nature (Listed/Un-Listed/ Private)	Nature of business	Jurisdiction of Incorporation	Description held control/more than thirty '» shares of both
         					Name		Descripti
         Unity Packages (Pvt) Limited	0081057	Private Company	Commodit Trading	Karachi	Muhammad Farrukh	33.33	Director/ CEO
         Unity Feeds (Pvtj Limited	0073194	Private Company	Edible Oil	Quetta	Muhammad Farrukh	0.00	Director/ CEO
         Kairos Resources (Pvt) Limited	0152631	Private Company	Financial Consultancy	Karachi	Muhammad Farrukh	50.00	Director

   8. details of any existing holding of voting rights in the target company

   9. which the acquirer owns or over which it has control or direction;

      Name	No. of Shares
      Muhammad Farrukh	5,500,000	1.47%
      Fehmida Amin	39,391,655	10.51%
      Sualeha Farrukh	50,000	0.01%

      1. which is owned or controlled or directed by any person acting in concert with the of acquirer;

         Name	No. of Shares
         Muhammad Farrukh	5,500,000	1.47%
         Fehmida Amin	39,391,655	10.51%
         Sualeha Farrukh	50,000	0.01%

      2. in respect of which the acquirer or any person acting in concert with him has received an irrevocable commitment to accept the takeover offer; and in respect of which the acquirer or any person acting in concert with him holds an option to purchase or warrants or other convertible securities.

      Not Applicable

      (i) All conditions (including normal conditions relating to acceptance, listing and increase of capital) to which the public offer or the posting of it is subject.

      The completion of the proposed acquisition shall be subject to, inter alia, finalization of acquisition terms, execution of appropriate legal agreements, receipt of all requisite regulatory and other corporate approvals.

      
      
      

      ‌Part C

2. Information about the target company

   1. Name of the target company, its directors and major shareholders along with number of shares and percentage of paid-up capital.

      • Name of the Target Company: Al Shaheer Corporation Limited

      • Names of Directors of the Target Company:

        S. No	Name of Directors	Position
        1	Mrs. Sualeha Farrukh	Chairman
        2	Mr. Muhammad Farrukh	Director/CEO
        3	Mr. Jalees Edhi	Director
        4	Mr. Muhammad Ayub Khan Durrani	Director
        5	Mr. Muhammad Azhar Ghauri	Director
        6	Mr. Ammar Junaid	Director

      • Major Shareholders

      S. No	Shareholder Name	Shares	Shareholding Percentage
      1	Fehmida Amin	39,391,655	10.51%
      2	DJM Securities limited	35,500,000	9.47%
      3	Dawood Jan Muhammad	35,500,000	9.47%
      4	Danish Elahi	31,302,537	8.35%
      S	Raza Elahi	20,161,611	5.38%
      6	Sumya Builders & Developers	20,000,000	5.33%
      7	Afshan Sohail	19,445,484	5.19%

   2. Total number of issued shares of the company.

      Total number of issues shares: 374,923,537 ordinary shares of PKR 10/- each

   3. Date of listing and offer price at the time of initial public offering

      Date of Listing: August 24, 2015 Offer price = PKR 95 per share

   4. Opening price at securities exchange at time of listing PKR 95 per share

   5. Share price quoted on the securities exchange one day before the public announcement of intention.

      PKR 13.42 per share.

   6. ‌ The weighted average share price as quoted on the securities exchange during twenty-eight days (28) days preceding the date of public announcement of intention.

      PKR 11.74 per share.

   7. Financial position/performance of the company for the last five years, including profit/loss after tax, earning per share, payouts.

Note: The abovementioned financial information has been extracted from the publicly available consolidated financial statements of the Target Company in which the June 2022 and June 2023 amounts are restated.

Any questions regarding this announcement can be directed to: Manager to the Offer:

AKD Securities Limited

602, Continental Trade Centre, Block 8, Clifton Karachi, Pakistan

Authorized Signatory:

Muhammad Farrukh

CNIC: 42201-9556701-7