Sitara Peroxide eyes plant restart after debt repayment

October 07, 2026 (MLN): Sitara Peroxide Limited (PSX:SPL)has repaid all its bank liabilities except a nominal amount owed to one bank, and is working towards restarting its shut plant after completing balancing, modernization and replacement (BMR).

In a progress report sent to the Pakistan Stock Exchange (PSX), the company said the plant was closed to avoid heavy operational losses, clear bank debt to cut finance costs, and carry out a comprehensive BMR of its plant and machinery in the long-term interest of the company and all its stakeholders.

The company said it cut all types of expenses during the shutdown and cleared its bank dues. Its management is now pushing ahead with BMR, aiming to start operations in the foreseeable future.

On funding, the company said management is actively pursuing fresh financing through equity, bank borrowings, or both. Alongside this, it is in talks with the technology provider and engineering companies.

The company asked PSX to take into account the progress made by management and its firm commitment to resuming operations.

The aforementioned information was disseminated through a notification to Exchange.

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