Karachi December 8 2022: Hascol Petroleum Limited (HASCOL) share price fell more than 3 percent after the announcement by the company that its Emergent Board Meeting for matters other than financials, which was planned to be held tomorrow, has been postponed.
The new date of the Board Meeting will be announced in due course of time, says company in its notice.
Hascol is in the process of restructuring its debt for which the company has laid Scheme of Arrangements before the Sindh High Court.
Hascol Petroleum Limited was incorporated in Pakistan as a private limited company on March 28, 2001. On September 12, 2007 the Company was converted into a public unlisted company. The Company is engaged in the business of procurement, storage and marketing of petroleum, chemicals, LPG and related products. The Company obtained oil marketing license from Ministry of Petroleum and Natural Resources in the year 2005 and acquired assets of LPG licensed company in the year 2018.
