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