Karachi: Cnergyico Pk Limited has reported that it has filed a legal challenge against an order issued by the Securities and Exchange Commission of Pakistan (SECP). Dated August 10, 2026, the company's disclosure under Regulation 5.6.6A of the Pakistan Stock Exchange (PSX) Regulations outlines its appeal to the Hon'ble High Court of Sindh in Karachi.

The regulatory order, referenced as SD/I&1/257/391/2023/188, was issued by the SECP on July 18, 2023. Cnergyico Pk Limited has contested this order, filing Miscellaneous Appeal No. 112 of 2023, and the matter is currently sub judice before the court.

According to information available from the Pakistan Stock Exchange (PSX), the High Court of Sindh in Karachi provided relief to Cnergyico Pk Limited by granting a stay order on September 26, 2023. This stay order halts the operation of the SECP's directive and remains in effect as the legal proceedings continue.

The case adds a layer of complexity to Cnergyico's operations and regulatory compliance, as the company navigates the ongoing judicial review process. The outcome of this legal challenge is awaited keenly by stakeholders and market observers within the designated market category of the PSX.