PSX resumes trading in Sitara Peroxide shares

November 14, 2024 (MLN): The Pakistan Stock Exchange (PSX) announced yesterday that trading in the shares of Sitara Peroxide Limited (PSX: SPL) will resume on a T+2 settlement basis, effective November 14, 2024.

This decision follows SPL’s rectification of its previous non-compliance with PSX regulations by submitting its Annual Financial Statements for the year ending June 30, 2023, and publishing its Notice of AGM for that fiscal year, scheduled for November 21, 2024.

However, should SPL fail to hold its AGM or submit its Annual Audited Financial Statements for the year ending June 30, 2024, within six months of non-compliance(May 22, 2025), the PSX will issue a Risk Warning Alert (RWA) against the company.

Furthermore, if SPL fails to hold its AGM or submit its Annual Audited Financial Statements for two consecutive years, trading in SPL shares will be suspended, and additional actions will be taken in accordance with PSX regulations.

Additionally, PSX noted that the company’s statutory auditor issued a Disclaimer of Opinion in its audit report, requiring action under PSX Regulation. Consequently, a non-compliance notice under PSX Regulation 5.11.1(g) has been added to SPL's listing in the Daily Quotations of the Exchange.

SPL shall remain quoted in the Defaulters' Segment [to be renamed as 'Non-Compliant' or `Winding-Up Segment'] and further action shall be attracted as per the provisions of these Regulations until rectification of all non-compliances.

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