Karachi December 8 2021:
Pakistan Stock Exchange informed that HASCOL has rectified its non-compliance under PSX Regulations 5.11.1. (c) & (d) related Annual General Meeting and submission of Audited accounts.
Earlier, M/s. Hascol Petroleum Limited (“HASCOL”) in the Defaulters’ Segment on account of non-compliance of PSX Regulations 5.11.1. (c) & (d) i.e. failure to hold its Annual General Meeting and submit its Annual Audited Accounts for the year ended December 31, 2020 within the stipulated time was notified for information of all concerned.
Subsequently, upon review of Annual Audited Accounts for the year ended December 31, 2020 also notified HASCOL’s non-compliance of PSX Regulation 5.11.1. (i) i.e. disclaimer of opinion issued by the statutory auditor in the audit report for the year ended December 31, 2020 for information of all concerned.
However, as a consequence of non-compliance of PSX Regulation 5.11.1. (i) i.e disclaimer of opinion issued by the statutory auditor in the audit report for the year ended December 31, 2020, HASCOL shall remain quoted in the Defaulters’ Segment until rectification of the said non-compliance.
