Lahore: Kot Addu Power Company Limited has released a detailed clarification regarding its compliance with Shariah disclosure requirements, as mandated by the Pakistan Stock Exchange (PSX) regulations. The company’s report, dated June 4, 2026, addresses concerns raised in an email dated May 22, 2026, and includes Annexure “A” detailing the necessary disclosures.
The company has outlined its adherence to Clauses 5.6.9A and 5A.13(c) of the PSX regulations, ensuring that it does not engage in Shariah non-permissible business activities. The disclosures, required under Part 1 Clause vii of the Fourth Schedule to the Companies Act, 2017, amended via S.R.O. 1278(1)/2024 on August 15, 2024, provide insights into both liability and asset positions from a Shariah-compliant perspective.
According to the company’s statement of financial position, the financing obtained as per the Islamic mode is valued at 4,388,379 thousand rupees, while interest or mark-up accrued on any conventional loan stands at 1,563,320 thousand rupees. The asset side reveals Shariah-compliant investments totaling 96,232 thousand rupees, alongside a substantial 4,713,714 thousand rupees in Shariah-compliant bank deposits and balances.
The statement of comprehensive income highlights revenue derived from Shariah-compliant business segments. Gains or losses, dividends from Shariah-compliant investments, and profits from bank deposits or balances are detailed, with a gain of 10,188 thousand rupees recorded from Shariah-compliant sources, compared to 34,011 thousand rupees from conventional sources.
The breakdown of other income sources includes a total of 1,917,249 thousand rupees, with 604,649 thousand rupees compliant and 1,312,600 thousand rupees non-compliant. Income from financial assets, mutual funds, and gains from exchanges and disposals are comprehensively listed.
Relations with Shariah-compliant financial institutions are highlighted, including associations with Islamic divisions of major banks such as the National Bank of Pakistan and Habib Bank Limited, among others.
According to information available from the Pakistan Stock Exchange (PSX), Kot Addu Power Company has demonstrated a commitment to transparency in its Shariah-compliant financial operations, ensuring all required disclosures are properly addressed and documented.