Karachi: Sitara Chemical Industries Limited has issued a public notice clarifying its non-association with Sitara Petroleum Services Limited, which is in the process of public flotation and seeking listing on the Pakistan Stock Exchange. The announcement, dated May 6, 2026, aims to inform the general public, investors, and financial institutions that despite the similarity in names, there is no affiliation, association, or relationship between the two entities.

According to information available from the Pakistan Stock Exchange (PSX), Sitara Petroleum Services Limited is currently undergoing steps to be listed. Sitara Chemical Industries Limited emphasized that the coincidence in naming should not be interpreted as evidence of any connection. The notice serves to protect potential investors from possible misconceptions and advises thorough due diligence before investment decisions.

The statement underscores the importance of verifying all relevant information independently, stressing the necessity for prospective investors to conduct comprehensive research. This move by Sitara Chemical Industries Limited is designed to safeguard the interests of stakeholders and ensure clarity regarding its distinct operations and affiliations.