Karachi: Aruj Industries Limited has been placed in the Defaulters' Segment of the Pakistan Stock Exchange (PSX), according to a notification issued by the exchange. The move comes as a consequence of the company's failure to hold its Annual General Meeting (AGM) and transmit its Annual Audited Financial Statements for the fiscal year ending June 30, 2024. This was announced through PSX Notice No. PSX/N-1162 dated December 04, 2024.

The placement, effective December 05, 2024, is made under Clauses 5.11.1.(b) and (c) of the PSX Regulations. Aruj Industries has been given a six-month period, up to June 05, 2025, to rectify these defaults. According to information available from the Pakistan Stock Exchange (PSX), failure to address the issues within this timeframe could result in a Risk Warning Alert being issued. Should the company fail to conduct its AGM or transmit its Annual Audited Financial Statements for two consecutive years, trading in its shares could be suspended.

The shareholding structure of Aruj Industries Limited includes several key stakeholders. Prominent shareholders are Mr. Ali Maqsood Butt and Dr. Arui Butt, each holding 2,309,521 shares. Other significant shareholders include Mrs. Durray Zara Butt with 1,889,527 shares, Mr. Faisal Khan with 419,994 shares, and Mr. Shaikh Ghulam Mustafa with 1,000 shares.