ISLAMABAD: Sitara Petroleum Service Limited (PSX: SPSL) has issued a public clarification regarding recent media reports and social media posts that erroneously associate the company with the Sitara Group of Industries. The announcement, made on July 23, 2026, addresses the confusion surrounding its corporate affiliations.

According to the company's statement, Sitara Petroleum Service Limited is not connected to the Sitara Group of Industries, which includes Sitara Energy Limited and Sitara Chemical Industries Limited. The company emphasized that it has no ownership, management, operational, financial, or business relationships with the Sitara Group or any of its constituent entities.

The company further clarified that its sponsors, directors, shareholders, and management are not linked in any way to the entities mentioned in the circulating reports. It urged its stakeholders to rely solely on information disseminated through its official communication channels and not to make assumptions based on similarities in corporate names.

According to information available from the Pakistan Stock Exchange (PSX), Sitara Petroleum Service Limited operates independently and maintains a clear distinction from other companies with similar names. This clarification seeks to prevent any further misunderstandings and to protect the interests of its stakeholders.

Sitara Petroleum Service Limited reiterated its commitment to upholding high standards of corporate governance, transparency, and regulatory compliance. The company assured its shareholders, investors, business partners, and customers of its dedication to safeguarding their interests amidst the misleading reports.