Karachi: Sitara Peroxide Limited, a key player in the chemical manufacturing sector, has announced the temporary closure of its operations. The shutdown is part of an envisaged plan for balancing, modernization, and replacement of its facilities. The decision comes amid concerns over potential chemical leakages, which have been exacerbated by sudden weather changes, according to information released on November 13, 2025.

The company’s management is actively reallocating resources to implement preventive measures aimed at controlling the erosion that leads to these leakages. In a statement, Sitara Peroxide Limited emphasized its commitment to activating all necessary safety, emergency, and environmental response protocols. The measures are designed to prioritize the safety of the plant and machinery, employees, and the environment.

According to information available from the Pakistan Stock Exchange (PSX), the company’s proactive approach includes informing all stakeholders of the situation and the steps being taken. This move aligns with regulatory obligations under Section 96 of the Securities Act, 2015, and Clause 5.6.1 (a) of PSX Regulations.

The company has assured that further updates will be provided as more information becomes available, underscoring its dedication to transparency and safety during this critical period.