AEL request PSX to remove its name from defaulter’s segment

MG News | January 06, 2023 at 11:54 AM GMT+05:00

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January 6, 2023 (MLN): AEL Textile Limited (PSX: AEL) on Friday requested the Pakistan Stock Exchange (PSX) to remove its name from the defaulter’s segment as the company is in the process of revival and started commercial production from December.

“The management and the shareholding of the company were changed on November 4, 2022, and since then the new management Is In the process of reviving the company,” the progress report of the company revealed.

The company will share the financial results with PSX too w once the accounts are reviewed by the auditors.

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