Karachi: The Company has announced a temporary shutdown of its Urea plant operations starting February 17, 2025, due to unscheduled maintenance requirements. This stoppage is expected to last approximately four days. This decision is made in accordance with section 96 of the Securities Act, 2015, and clause 5.6.1 of the Pakistan Stock Exchange (PSX) regulations, and has been communicated to the TRE Certificate Holders of the Exchange.

The Urea plant”s operational halt is a necessary measure to address maintenance issues that could not be scheduled in advance. As a significant player in the designated market category, the Company prioritizes ensuring the operational integrity and safety of its facilities, which necessitates this unexpected pause in production.

According to information available from the Pakistan Stock Exchange (PSX), the Company has taken this step to maintain its commitment to high safety standards and operational excellence. The unscheduled maintenance is crucial to prevent any long-term operational disruptions that could affect the market supply.

Stakeholders and investors have been duly informed of this development, and the Company is taking all necessary steps to minimize the impact on its production schedule and market presence. The decision underscores the Company”s proactive approach to facility management and its dedication to maintaining transparency with its investors and the market at large.