Karachi December 10 2021: Drekkar Kingsway Limited (“DKL”) through PUCARS has circulated the Order dated 08.12.2021 passed by Islamabad High Court whereby C.O. No.05/2020 in the matter of winding-up petition is dismissed as withdrawn. Consequently, DKL has rectified the non-compliance of PSX Regulation 5.11.1.(l).
On account of rectification of non-compliance of PSX Regulation 5.11.1.(l), trading in the shares of DKL is being restored w.e.f. Monday, December 13, 2021. However, please note that DKL shall remain quoted in the Defaulters’ Segment on account of its failure to rectify the non-compliances of PSX Regulations 5.11.1.(b) & (i) i.e. suspended commercial production/business operations in its principle line of business for a continuous period of one year, and statutory auditor of DKL has issued an adverse opinion in the audit report for the year ended June 30, 2021.
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TRGI Allocates Assets of USD 192.6 Million To TRG Pakistan: PSX
Earlier, trading in the shares of M/s. Drekkar Kingsway Limited (“DKL”) was suspended under PSX Regulation 5.11.1.(l) on account of filing of winding up petition in Islamabad High Court by the Securities and Exchange Commission of Pakistan (SECP).
