SLCL works towards revival as creditor talks near completion

MG News | October 07, 2026 at 12:49 PM GMT+05:00

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October 07, 2026 (MLN): Security Leasing Corporation Limited (PSX:SLCL) has settled dues with some of its creditors and is in negotiations with the rest, many of which are close to completion, as it works to resolve its outstanding matters and revive the company.

In a letter to the Pakistan Stock Exchange (PSX) in response to PSX Letter No. PSX/Gen 1182 dated October 6, 2026, the company said it is continuing efforts to clear the money it owes to creditors.

The company said one of its debtors is expected to pay it a large amount over the next few days. The funds will help it meet its dues and carry forward its revival efforts.

Management is regularly following up on the remaining settlements and recoveries, and the outcome will be reflected in the company's next annual financial statements.

The company said it will keep the exchange informed of any important development.

The aforementioned information was disseminated through a notification to Exchange.

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