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The Karachi Stock Exchange (Guarantee) Limited’s placement of companies in the defaulters’ segment under listing regulation No. 30 of the exchange

Karachi: It is hereby notified to all concerned that the following companies as a consequence of defaults (s) of Listing Regulation No. 30 of the Exchange as mentioned against each company, will be placed in the Defaulters’ Segment w.e.f. Monday, December 12, 2011, Accordingly, the name of the Companies along with natures of default(s) under Listing Regulation No. 30 will be published separately in the Daily Quotation of the Exchange with effect from the date of their placement in the Defaulters’ Segment.

 

S.

No.

Name of Companies Nature of Default (s)
01. Dost Steels Limited Regulation No. 30 (1) (a) i.e. failed to start commercial production within three years of the date of formal listing.
02. Fawad Textile Mills Limited Regulation No. 30 (1) (b) i.e. failed to hold Annual General Meeting since June 30, 2010.
03.  Azam Textile Mills Limited  Regulation No. 30 (1) (e) i.e. failed to pay the Annual Listing Fee since July 1, 2009.
04. Brothers Textile Mills Limited  Regulation No. 30 (1) (e) i.e. failed to pay the Annual Listing Fee since July 1, 2009.
05. (Colony) Thal Textile Mills Ltd. Regulation No. 30 (1) (e) i.e. failed to pay the Annual Listing Fee since July 1, 2009.
06. Hajra Textile Mills Limited  Regulation No. 30 (1) (e) i.e. failed to pay the Annual Listing Fee since July 1, 2009.
07.  J.A. Textile Mills Limited Regulation No. 30 (1) (e) i.e. failed to pay the Annual Listing Fee since July 1, 2009.
08. Kohinoor Industries Limited Regulation No. 30 (1) (e) i.e. failed to pay the Annual Listing Fee since July 1, 2009.
09. Saritow Spinning Mills Limited Regulation No. 30 (1) (e) i.e. failed to pay the Annual Listing Fee since July 1, 2009.
10.  Tri-Star Polyester Limited  Regulation No. 30 (1) (e) i.e. failed to pay the Annual Listing Fee since July 1, 2009.
11. Kohinoor Power Company Ltd. Regulation No. 30 (1) (e) i.e. failed to pay the Annual Listing Fee since July 1, 2009.
12. First IBL Modaraba Regulation No. 30 (1) (e) i.e. failed to pay the Annual Listing Fee since July 1, 2009.
13. Tri-Star Mutual Fund Limited Regulation No. 30 (1) (e) i.e. failed to pay the Annual Listing Fee since July 1, 2009.
14. Ansari Sugar Mills Limited  Regulation No. 30 (1) (g) i.e. failed to join the CDS of the Central Depository Company of Pakistan Limited.
15. Sakrand Sugar Mills Limited Regulation No. 30 (1) (g) i.e. failed to join the CDS of the Central Depository Company of Pakistan Limited.
16. Tri-Star Power Limited  Regulation No. 30 (1) (b) and No. 30 (1) (e) i.e. failed to hold Annual General Meeting since June 30, 2008 and failed to pay the Annual Listing Fee since July 1, 2009, respectively.

 

It is further notified that in case, any company rectify the defaults (s) prior to its placement in the Defaulters’ Segment, the name of such company will be removed from the list and separate notice will be issued in this behalf, for information.

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 including suspension of trading in their shares / delisting from the Exchange, 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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