Karachi December 23 2023: Dandot Cement Company shall be shifted to the normal counter of the exchange on resumption of commercial operations, according to notification issued by Pakistan Stock Exchange.
Earlier, PSX shifted Dandot Cement Company to defaulter segment whereby non-compliance of PSX Regulation 5.11.1.(b) i.e. It has suspended commercial production/ business operations in its principle line of business for a continuous period of one year, was notified for information of all concerned.
In this context, it is hereby informed that DNCC has resumed its production activities in its principal line of business, notified through PUCARS vide announcement dated December 19, 2023, and the same has been confirmed by Parker Russell-A.J.S. Chartered Accountants (Auditor of DNCC) vide its certificate dated December 21, 2023, notified through PUCARS on December 22, 2023. Hence, DNCC has rectified the non-compliance of PSX Regulation 5.11.1.(b).
In view thereof, DNCC shall be shifted to the Normal Counter of the Exchange with effect from December 26, 2023.
DNCC has been advised to ensure meticulous compliance of all applicable Rules and Regulations so that the interests of minority shareholders remain protected at all times.
