Karachi: The Pakistan Stock Exchange (PSX) has reinstated TPL Properties Limited and TPL Corp Limited to its Normal Counter, following a compliance update. This development comes after both companies had been previously relegated to the "Non-Compliant Segment" as per the PSX Regulations due to their inability to hold the Annual General Meeting (AGM) and transmit annual audited financial statements for the fiscal year ended June 30, 2025.

The PSX had earlier issued Notice No. PSX/N-1313 on December 4, 2025, highlighting the compliance issues faced by the two companies, identified by their symbols TPLP and TPL, respectively. The non-compliance was specifically related to sections 5.11.1.(b) and (c) of the PSX regulations.

On December 5, 2025, TPL Properties Limited and TPL Corp Limited announced their AGM details, including the date, time, and venue, in addition to submitting their annual audited financial statements. These announcements were made public on December 8, 2025, utilizing the Public Companies Reporting and Analysis System (PUCRAS).

According to information available from the Pakistan Stock Exchange (PSX), these actions have fulfilled the necessary compliance requirements, leading to the companies' restoration to the Normal Counter. The move is expected to stabilize their market presence and enhance investor confidence.

The restoration is a significant step for both entities as they seek to align with regulatory expectations and maintain their standing in the designated market category.