SLCL makes progress in restructuring, revival plan

July 06, 2026 (MLN): Security Leasing Corporation Limited (PSX:SLCL) has made further progress in its restructuring and revival, with settlements already completed with several creditors and discussions with a number of others now at an advanced stage.

The company said these negotiations are expected to be concluded successfully in the coming months, and the impact of the settlements and overall restructuring process will be reflected in its forthcoming annual financial statements.

The company informed that it has filed an appeal before the Sindh High Court against the order passed by the SECP Appellate Bench on April 8, 2025.

Since the Pakistan Stock Exchange is also a respondent in the matter, the company noted that the High Court, through its order dated September 24, 2025, in Misc. Appeal No. 123 of 2025, has restrained all respondents from taking any adverse or coercive action against the company, including any winding up or delisting proceedings.

The company requested that this order be taken on record and any further action under the exchange's notice be kept in abeyance until the matter is finally decided by the Court.

The company said these positive developments have been made possible through the continuous efforts of the management and the support extended by the Pakistan Stock Exchange, and it looks forward to keeping the exchange informed of any significant developments.

The aforementioned information was disseminated through a notification to Exchange.

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