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The Karachi Stock Exchange (Guarantee) Limited’s placement of companies in the defaulters’ segment under listing regulations of the exchange

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Karachi: Whereas trading in the shares of the following companies has already been suspended with effect from the date as mentioned against each company:

And Whereas these companies as a consequence of default under Listing Regulation No. 30, as mentioned against each company, will also be placed in the Defaulters’ Segment of the Exchange w.e.f, Monday, December 12, 2011. Accordingly, the Quotations of the Exchange with effect from the date of their placement in the Defaulters’ Segment.

 

S.

No.

Name of CompaniesDate of Suspension Nature of Default(s)
1Usman Textile Mills Limited17-11-2009Regulation No. 30(1) (b) i.e. failed to hold Annual General Meeting since June 30,                                                            2009.
2Dadabhoy Sack Limited26-10-2009 Regulation No. 30(1)(e) i.e. failed to pay the Annual Listing Fee since July 01,                                                              2009.
3Nazir Cotton Mills Limited26-10-2009Regulation No. 30(1)(e) i.e. failed to pay the Annual Listing Fee since July 01,                                                              2009.
4First Islamic Modaraba13-08-2009Regulation No.(1)(b) and No. 30(1)(e) i.e. failed to hold Annual Review Meetings                                                              since June 30, 2008 and failed to pay the Annual Listing Fee since July 1, 2010,                                                              respectively.
5Investec Securities Limited17-11-2009Regulation No.(1)(b) and No. 30(1)(e) i.e. failed to hold Annual General Meetings                                                             since June 30, 2009 and failed to pay the Annual Listing Fee since July 1, 2010,                                                              respectively.
6Al-Mal Securities and Services Limited17-11-2009Regulation No.(1)(b) and No. 30(1)(e) i.e. failed to hold Annual General Meetings                                                             since June 30, 2009 and failed to pay the Annual Listing Fee since July 1, 2010,                                                              respectively.
7English Leasing Limited16-08-2010Regulation No.(1)(b) and No. 30(1)(e) i.e. failed to hold Annual General Meetings                                                             since June 30, 2009 and failed to pay the Annual Listing Fee since July 1, 2010,                                                              respectively.
8Platinum Insurance Company Limited30-01-2009Regulation No.(1)(b) and No. 30(1)(e) i.e. failed to hold Annual General Meetings                                                             since December 31, 2009, winding-up proceedings of the company have been initiated and failed to pay the Annual Listing Fee since July 1, 2009, spectively.
9Natover Lease and Refinance Limited13-02-2008Regulation No.(1)(b) and No. 30(1)(e) i.e. failed to hold Annual General Meetings                                                             since June 30, 2009, winding-up proceedings of the company have been initiated and failed to pay the Annual Listing Fee since July 1, 2009, spectively.
10.Prudential Discount and Guarantee16-08-2010Regulation No.(1)(b) and No. 30(1)(e) House Limited i.e. failed to hold Annual General Meetings since June 30, 2009, winding-up proceedings of the company have been initiated and failed to pay the Annual Listing Fee since July 1, 2009, respectively.

 

It is further notified that the Exchange in terms of the provisions of the Listing Regulations, reserves the right to initiate further action against the companies, subsequently.

For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

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