TPL Corp, TPL Properties placed in non-compliant segment
05-Dec-2025
MettisGlobal
December 5, 2025 (MLN): Pakistan Stock Exchange (PSX)
has placed TPL Properties Limited (TPLP) and TPL Corp Limited (TPL) in the
Non-Compliant Segment.
This decision came after when both companies failed to hold
their Annual General Meeting (AGM) and present their annual audited financial
statements for FY25, according to a
issued today.
PSX stated that the companies have violated Regulations
5.11.1 (b) & (c), which relate to holding AGMs within the stipulated time
and submitting audited financial accounts.
Simultaneously, the National Clearing Company of Pakistan
Limited (NCCPL) has excluded both companies from multiple financing and
borrowing systems, further tightening operational restrictions.
The placement will take effect from December 5, 2025.
As per regulations, if the companies fail to comply within
six months, by June 5, 2026, a Risk Warning Alert (RWA) will be issued.
Continued non-compliance for two consecutive years may lead
to suspension of trading in their shares.
Regulatory Action Summary
|
Company |
PSX Action
|
Reason |
NCCPL
Exclusions |
Further
Consequences |
|
TPL
Properties Ltd (TPLP) |
Placed in
Non-Compliant Segment |
Failure to
hold AGM & submit audited financials |
SLB, MF, MTS,
MSF |
RWA after 6
months; trading suspension after 2 years |
|
TPL Corp
Ltd (TPL) |
Placed in
Non-Compliant Segment |
Failure to
hold AGM & submit audited financials |
SLB, MF |
RWA after 6
months; trading suspension after 2 years |