The Karachi Stock Exchange (Guarantee) Limited’s delisting of companies

Karachi: Whereas the following Companies are under process of liquidation or Liquidators have been appointed;

And Whereas the trading in the shares of the Companies had already been suspended by the Exchange with effect from the date as mentioned against each Company;

And Whereas the objections, if any, were invited from the concerned Liquidators / Companies to the delisting of these Companies vide its Notice published in the newspapers on February 24, 2012 and also notified vide Notice No. KSE/N-762 dated February 23, 2012;

And Whereas, in response to above-referred Notices, no objection of whatsoever nature has been received by the Exchange within the stipulated deadline;

 

Date of Placement in
S. Nature of Year of the Defaulters’ Date of
No. Name of Companies Defaults Listing Segment Suspension
01. Adil Polypropylene Products Limited 30 (1) (b) (d) (e) (g) 1994 01-08-2006 05-10-2006
02. Awan Textile Mills Limited 30 (1) (b) (d) (e) (g) 1992 06-08-1997 18-07-2005
03. Bahawalpur Textile Mills Limited 30 (1) (b) (d) (e) (g) 1954 06-08-1997 18-07-2005
04. Bela Engineers Limited 30 (1) (b) (d) (e) (g) 1973 06-08-1997 16-07-2001
05. Colony Woollen Mills Limited 30 (1) (b) (d) (e) (g) 1973 06-08-1997 09-05-2005
06. Crescent Spinning Mills Limited 30 (1) (b) (d) (e) (g) 1990 06-08-1997 09-05-2005
07. First Tawakkal Modaraba 30 (1) (b) (d) (e) (g) 1990 16-07-2001 16-07-2001
08. Harnal Woollen Mills Limited 30 (1) (b) (d) (e) (g) 1956 06-08-1997 16-07-2001
09. Junaid Cotton Mills Limited 30 (1) (b) (d) (e) (g) 1979 06-08-1997 18-07-2005
10. Kausar Silk Mills Limited 30 (1) (b) (d) (e) (g) 1964 06-08-1997 02-10-2000
11. Kausar Paints Limited 30 (1) (b) (d) (e) (g) 1986 06-08-1997 28-06-2007
12. Modern Textile Mills Limited 30 (1) (b) (d) (e) (g) 1973 01-07-2003               15-06-2005
13. Muslim Ghee Mills Limited 30 (1) (b) (d) (e) (g) 1992 16-07-2001 16-07-2001
14. Pak Fibre Industries Limited 30 (1) (b) (d) (e) (g) 1994 01-07-2003 22-01-2007
15. Pakistan Dairies Limited 30 (1) (b) (d) (e) (g) 1984 06-08-1997 18-07-2005
16. Qayyum Spinning Limited 30 (1) (b) (d) (e) (g) 1991 06-08-1997 16-08-2010
17. Saitex Spinning Mills Limited 30 (1) (b) (d) (e) (g) 1990 06-08-1997 07-05-2009
18. Sind Alkalis Limited 30 (1) (b) (d) (e) (g) 1963 01-08-2006 28-12-2004
19. Tariq Cotton Mills Limited 30 (1) (b) (d) (e) (g) 1979 06-08-1997 22-04-2002
20. Tawakkal Limited 30 (1) (b) (d) (e) (g) 1988 16-07-2001 16-07-2001
21. Tri-Star Shipping Lines Limited 30 (1) (b) (d) (e) (g) 1993 18-06-2001 31-08-1998

 

Therefore, in pursuance of the above and after due consideration of facts and circumstances, the Exchange in exercise of its powers under Section 9 (4) of the Securities and Exchange Ordinance, 1969 and Regulation No. 30 of the Listing Regulations of the Exchange has decided to delist the Companies from the Exchange w.e.f. Monday, March 26, 2012.

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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