DWSM to remain in defaulters' segment until full compliance is achieved

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MG News | August 27, 2024 at 12:50 PM GMT+05:00

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August 27, 2024 (MLN): Dewan Sugar Mills Limited (PSX: DWSM) will remain listed in the Defaulters' Segment despite having paid its outstanding penalty to PSX for rectifying the non-compliance with PSX Regulation 5.1.1. (d).

According to a notice issued by PSX yesterday, this is due to ongoing non-compliance with other PSX regulations, including an adverse opinion issued by its statutory auditor in the audit report.

The company will remain in the Defaulters' Segment [to be renamed as Non-Compliant or Winding-Up Segment] until all non-compliance issues are resolved.

To recall, failure to pay the penalty imposed by the Exchange under PSX Regulation 5.21.1., was notified for the information of all concerned.

Copyright Mettis Link News

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