The Karachi Stock Exchange (Guarantee) Limited’s notice regarding delisting of Polyron Limited
Karachi: Whereas the Honorable High Court of Balochistan, Quetta had passed Dissolution Order of M/s. Polyron Limited as notified by the Exchange vide Notice No. KSE/N-3651 dated July 7, 2011.
And whereas trading in the shares of the company had been suspended w.e.f. October 11, 2007 on account of having gone into liquidation through Court Order.
And whereas the Company is quoted in the Defaulters’ Segment of the Exchange w.e.f. August 6, 1997 on account of defaults under Listing Regulation Nos. 30(1)(c), 30(1)(d) and 30(1)(e) i.e., non-holding of annual general meetings, gone into liquidation Trough Court Order and non-payment of annual listing feel / penalty.
In view of the above and after due consideration of facts and circumstances and in exercise of the powers vested in the Exchange under Section 9(4) of the Securities and Exchange Ordinance, 1969 and the Listing Regulation No. 30, it has been decided to delist M/s Polyron Limited from the Exchange w.e.f. Monday July 18, 2011.
For more information, contact:
Deputy General Manager – Companies Affairs
Karachi Stock Exchange
Tel: +9221 111 001 122
Fax: +9221 3241 0825, +9221 3241 5136