Karachi, The Pakistan Stock Exchange (PSX) has issued a critical notice regarding the non-compliance of three companies with PSX Regulation 5.11.1.(e), relating to the failure to pay the Annual Listing Fee (ALF) and SECP supervisory fee for two consecutive years. The companies identified are S.G. Power Limited (SGPL), SG Allied Businesses Limited (SGABL), and Media Times Limited (MDTL).

S.G. Power Limited, trading under the symbol SGPL, SG Allied Businesses Limited, symbolized as SGABL, and Media Times Limited, with the trading symbol MDTL, have been placed in the Defaulters' Segment due to this non-compliance. This action follows from PSX Notice No. PSX/N-1105 dated October 30, 2023, and subsequent notices PSX/N-1334 dated December 29, 2023, and PSX/N-51 dated January 15, 2024, which set the compliance deadline.

All three companies have been given until January 29, 2024, to address and rectify the non-compliance issues as per PSX Regulation 5.11.1.(e). The failure to meet this regulatory requirement within the stipulated timeframe will lead to further actions, including the potential suspension of trading in their shares under the subsequent provisions of PSX Regulation 5.11.2.

This notice serves as a critical reminder to S.G. Power Limited, SG Allied Businesses Limited, and Media Times Limited of the importance of adhering to the financial and regulatory standards set by the Pakistan Stock Exchange and the Securities and Exchange Commission of Pakistan (SECP).