AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
PSX
Currencies
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Hascol Petroleum to Remain in Defaulter Segment

admin-augaf by admin-augaf
September 13, 2022
in Business, Finance, National, News
Reading Time: 2 mins read
0
HASCOL Management Believes Implementation of Restructuring Plan Can Turnaround Profitability

HASCOL Management Believes Implementation of Restructuring Plan Can Turnaround Profitability

Share on FacebookShare on TwitterWhatsapp

Karachi September 13 2022: Pakistan Stock Exchange informed that Hascol Petroleum Limited will remain in the Defaulter Segment despite submitting annual accounts and convened the AGM.

Earlier Pakistan Stock Exchange notified non-compliance of  PSX Regulations by  M/s.  Hascol  Petroleum  Limited  ("HASCOL")  i.e.  failure  to  hold  its  Annual General   Meeting   and   submit   its   Annual   Audited   Financial   Statements   for   the   year   ended December  31,  2021  within  the  stipulated  time,  was  notified  for  information  of  all  concerned.

It  is  pertinent  to  mention  that  HASCOL  is  presently  quoted  in  the  Defaulters'  Segment  on  account  of non-compliances  of  three PSX Regulations namely failure to submit Annual Audited Accounts, Holding of AGM and Adverse Opinion by the Auditor.

In  this  context,  it  is  hereby  informed  to  all  concerned  that  HASCOL  has  submitted  its  Annual  Audited Financial  Statements  and  convened  the  overdue  AGM  for  the  year  ended  December  31,  2021.  In view thereof,  the  non-compliances  of  HASCOL  for the two of three PSX  Regulations  stands  rectified.

However,  as  a  consequence  of  non-compliance  of  PSX  Regulation regarding  adverse  opinion  issued  by the  statutory  auditor  in  the  audit  report  for  the  year  ended  December  31,  2021,  HASCOL  shall  continue to  be  quoted  in  the  Defaulters'  Segment  till  the  time  all  the  non-compliances  are  rectified.

Source: Pakistan Stock Exchange

Related Posts

Wyeth To Buyback All Shares From Minority Shareholders: PSX

Biafo To Establish Signal Transmission Tube Manufacturing Plant: PSX

Ghani Group Company To Give 120 Percent Bonus Shares: PSX

Morocco’s OCP Increases Q4 Phosphoric Acid Price by USD170/ton to USD1,330/ton


Tags: Defaulter SegmentHASCOLOMCPetroleum SalesPSXVITOL
admin-augaf

admin-augaf

Related Posts

30 killed, 64 Injured in Pakistan Due to Heavy Rain and Storm – Rescue 1122
News

30 killed, 64 Injured in Pakistan Due to Heavy Rain and Storm – Rescue 1122

June 10, 2023
IMF,
Business

Pakistan Set for Bilateral Debt Talks Amid IMF Uncertainty

June 10, 2023
Pakistan Unlikely to Devalue Rupee as Pressure Eased, Fitch Says
Business

Pakistan Unlikely to Devalue Rupee as Pressure Eased, Fitch Says

June 10, 2023

Recent News

30 killed, 64 Injured in Pakistan Due to Heavy Rain and Storm – Rescue 1122

30 killed, 64 Injured in Pakistan Due to Heavy Rain and Storm – Rescue 1122

June 10, 2023
IMF,

Pakistan Set for Bilateral Debt Talks Amid IMF Uncertainty

June 10, 2023
Pakistan Unlikely to Devalue Rupee as Pressure Eased, Fitch Says

Pakistan Unlikely to Devalue Rupee as Pressure Eased, Fitch Says

June 10, 2023
Worst-Performing Emerging-Markets Bond Could Be Heading for More Pain

Worst-Performing Emerging-Markets Bond Could Be Heading for More Pain

June 10, 2023
Logo of Pakistan Petroleum Limited company

Pakistan Petroleum to Dole Out PKR 7.5 Billion Cash Dividend On Improved Liquidity In Q4 2023

June 10, 2023

Popular News

  • Central Directorate of National Savings

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall for the Straight Second Day Against Dollar on Opening of LCs

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • 30 killed, 64 Injured in Pakistan Due to Heavy Rain and Storm – Rescue 1122
  • Pakistan Set for Bilateral Debt Talks Amid IMF Uncertainty
  • Pakistan Unlikely to Devalue Rupee as Pressure Eased, Fitch Says

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

30 killed, 64 Injured in Pakistan Due to Heavy Rain and Storm – Rescue 1122

30 killed, 64 Injured in Pakistan Due to Heavy Rain and Storm – Rescue 1122

June 10, 2023
IMF,

Pakistan Set for Bilateral Debt Talks Amid IMF Uncertainty

June 10, 2023
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.