Karachi: Security Papers Limited, in its 8th Reconvened Extraordinary General Meeting, concluded its agenda without conducting elections, following legal directives from the court. The meeting, held on March 27, 2025, was in compliance with the notices issued on November 8, 2023, January 23, 2024, and March 6, 2025.

According to the certified resolutions, the meeting was concluded with the majority consent of shareholders due to a court order dated March 25, 2025. This order, issued by the Honourable High Court of Sindh, was in response to an application by the Securities and Exchange Commission of Pakistan (SECP) in Miscellaneous Appeal No. 27 of 2025. The court's directive restrained the company from holding elections.

The company has resolved to conduct fresh elections once the legal constraints are removed. A subsequent meeting will be scheduled, and a new notice will be sent to shareholders.

According to information available from the Pakistan Stock Exchange (PSX), Security Papers Limited operates within the designated market category. The company is prepared to issue a fresh notice to shareholders for elections once permitted legally.