Karachi: Two companies, TPL Corp Limited and TPL Properties Limited, have been placed in the 'Non-Compliant Segment' of the Pakistan Stock Exchange (PSX) due to their failure to meet specific regulatory requirements. The decision was announced in a notice following their inability to hold an Annual General Meeting (AGM) and transmit annual audited financial statements for the year ending June 30, 2025, within the stipulated timeframe.

The placement of these companies in the Non-Compliant Segment was formalized on December 5, 2025, as per PSX Notice No. PSX/N-1313 dated December 04, 2025. This move highlights the regulatory measures undertaken by the exchange to maintain compliance and transparency among listed entities.

According to information available from the Pakistan Stock Exchange (PSX), both TPL Corp Limited, symbolized as TPL, and TPL Properties Limited, symbolized as TPLP, were cited for non-compliance under PSX Regulations 5.11.1.(b) & (c). These regulations stipulate the necessity for timely AGMs and the submission of audited financial statements.

In response to the regulatory action, both companies issued announcements on December 5, 2025, detailing the schedule for their AGMs, including date, time, and venue, as a step towards addressing the non-compliance issues. Market participants and other concerned parties have been duly informed of these developments.

The placement of TPL Corp Limited and TPL Properties Limited in the Non-Compliant Segment underscores the importance of adherence to financial reporting and corporate governance standards within the designated market category.