Karachi: It is hereby informed to all concerned that SME Leasing Limited and Hascol Petroleum Limited, previously listed in the Defaulters' Segment of the Pakistan Stock Exchange (PSX), have convened their overdue Annual General Meeting(s) (AGM) and transmitted their Annual Audited Financial Statements for the year ended December 31, 2023.

The companies were non-compliant with PSX Regulations 5.11.1(b) and (c) for failing to hold their AGM and submit annual audited financial statements on time. Additionally, the statutory auditor for SME Leasing issued a disclaimer opinion, while the auditor for Hascol Petroleum issued an adverse opinion in their audit reports.

According to information available from the Pakistan Stock Exchange (PSX), the rectification of these non-compliances has been noted. However, both companies will remain in the Defaulters' Segment, now to be renamed as the Non-Compliant or Winding-up Segment, until complete rectification of non-compliances is achieved.

All concerned are requested to note the rectification of these non-compliances as the companies work towards full compliance with PSX regulations. This action represents a crucial step towards ensuring the transparency and accountability of publicly traded companies on the exchange.