Karachi: Pakistan PVC Limited has announced it has filed an appeal with the Federal Appellate Tribunal in response to a recent order from the Benami Transactions Adjudicating Authority. The order, dated May 4, 2026, was received by the company on July 24, 2026, and upholds proceedings initiated concerning the shareholding of the company by M/s Ensena Holding FZC, which has been alleged to be benami property.

The appeal, which is seeking to vacate the order, is currently pending adjudication. Pakistan PVC Limited has expressed its intent to challenge the authority's decision, as it believes the proceedings were wrongly initiated.

According to information available from the Pakistan Stock Exchange (PSX), the company's standing is under scrutiny following the allegations. The involvement of M/s Ensena Holding FZC, as highlighted by the authority, has brought the shareholding structure of Pakistan PVC Limited into question.

The company's legal team is preparing to present its case before the Federal Appellate Tribunal as it awaits further developments. The market is closely watching the outcome of this appeal, which could have implications for shareholders and stakeholders involved.

The designated market category for Pakistan PVC Limited remains unaffected by the current proceedings as the company continues to operate under the existing legal framework.