July 07, 2026 (MLN): Salman Noman Enterprises Limited (PSX: SANE) is working on a recovery plan as the company engages with lending banks to restructure and reschedule its outstanding loan facilities, according to its quarterly submitted to the Pakistan Stock Exchange (PSX).

The company said the proposed restructuring arrangement is currently under consideration by its Board of Directors, while management continues efforts to reach a mutually acceptable agreement with financial institutions.

Amid ongoing financial challenges, the company has shifted focus towards preserving available resources, reassessing operational priorities, and implementing measures aimed at stabilizing its financial position.

Management is also evaluating alternative business plans and strategic initiatives to revive operations, restore business activity, and improve long-term sustainability.

The company said it remains in continuous dialogue with lenders and key stakeholders to align recovery efforts and explore viable options to strengthen its financial position.

Salman Noman Enterprises reaffirmed its commitment to pursuing all possible measures for revival and will keep shareholders and the PSX informed of material developments.