SEPL declared listed Public Sector Company by SECP

News Image

By MG News | February 11, 2025 at 02:18 PM GMT+05:00

0:00

February 11, 2025 (MLN): Security Papers Limited (PSX: SEPL) has declared that the Securities and Exchange Commission of Pakistan (SECP) Appellate Bench, in its order dated February 7, 2025, has determined SEPL as a listed Public Sector Company (PSC) based on the shareholding of certain entities.

The order was received via email on February 10, 2025, in the second half, the company's filing on PSX revealed today. 

However, SPL maintains that it does not fall within the definition of a PSC under the Companies Act, 2017, and reserves the right to challenge the Appellate Bench order before a competent court of law.

SPL has informed its members, shareholders, and stakeholders that, following its previous disclosure on January 31, 2024, the SECP, through its order dated January 26, 2024, had classified the company as a Public Sector Company (PSC).

The company contested this adjudication and challenged the determination in Appeal No. 14 of 2024 before the SECP Appellate Bench.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 130,983.21
48.44M
0.23%
296.55
ALLSHR 81,535.61
257.15M
0.28%
230.36
KSE30 40,045.15
24.65M
0.25%
99.70
KMI30 191,062.28
28.33M
0.19%
364.23
KMIALLSHR 55,114.32
125.17M
0.07%
40.17
BKTi 34,827.96
3.81M
0.75%
259.56
OGTi 28,564.33
2.32M
-0.61%
-175.02
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,825.00 110,525.00
109,600.00
-590.00
-0.53%
BRENT CRUDE 68.60 68.89
68.42
-0.20
-0.29%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.91 67.18
66.72
-0.09
-0.13%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 04, 2025 at 11:07 AM GMT+05:00

Saudi Riyal available at PKR 76.4 in open market


July 04, 2025 at 10:45 AM GMT+05:00

Pakistan charts AI roadmap for key development sectors


July 04, 2025 at 09:49 AM GMT+05:00

Lucky Cement achieves historic export milestone


July 04, 2025 at 09:40 AM GMT+05:00

NBP issues foreign exchange rates



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg