Karachi: Security Leasing Corporation Ltd. (SLCL) has issued a detailed update regarding its ongoing restructuring and revival efforts as of July 6, 2026, highlighting significant developments and current legal proceedings.

The company disclosed that it is actively engaged in negotiations to settle outstanding liabilities with its creditors. As part of its legal strategy, SLCL has filed an appeal with the Hon'ble High Court of Sindh against an order from the SECP Appellate Bench dated April 8, 2025. This appeal has resulted in a stay order from the court, preventing any adverse actions, including winding up or delisting, against the company.

According to information available from the Pakistan Stock Exchange (PSX), the restructuring efforts of SLCL have shown progress, with successful settlements reached with several creditors. Negotiations with additional creditors are reported to be in advanced stages, with expectations of successful conclusions in the coming months.

These restructuring efforts, supported by the Pakistan Stock Exchange, are anticipated to be reflected in the company's upcoming annual financial statements. The management of SLCL has expressed appreciation for the ongoing cooperation and intends to provide updates on significant developments as they occur.