TPL Corp, TPL Properties placed in non-compliant segment

MG News | December 05, 2025 at 09:40 AM GMT+05:00

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December 5, 2025 (MLN): Pakistan Stock Exchange (PSX) has placed TPL Properties Limited (TPLP) and TPL Corp Limited (TPL) in the Non-Compliant Segment.

This decision came after when both companies failed to hold their Annual General Meeting (AGM) and present their annual audited financial statements for FY25, according to a notice issued today.

PSX stated that the companies have violated Regulations 5.11.1 (b) & (c), which relate to holding AGMs within the stipulated time and submitting audited financial accounts.

Simultaneously, the National Clearing Company of Pakistan Limited (NCCPL) has excluded both companies from multiple financing and borrowing systems, further tightening operational restrictions.

The placement will take effect from December 5, 2025.

As per regulations, if the companies fail to comply within six months, by June 5, 2026, a Risk Warning Alert (RWA) will be issued.

Continued non-compliance for two consecutive years may lead to suspension of trading in their shares.

Regulatory Action Summary

Company	PSX Action	Reason	NCCPL Exclusions	Further Consequences
TPL Properties Ltd (TPLP)	Placed in Non-Compliant Segment	Failure to hold AGM & submit audited financials	SLB, MF, MTS, MSF	RWA after 6 months; trading suspension after 2 years
TPL Corp Ltd (TPL)	Placed in Non-Compliant Segment	Failure to hold AGM & submit audited financials	SLB, MF	RWA after 6 months; trading suspension after 2 years

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