PAKISTAN – Cement Industry
Fecto Cement Limited has notified the Pakistan Stock Exchange (PSX) that it has fully resumed plant operations after receiving clearance from the Islamabad High Court (IHC).
In its notice to the Exchange, the company informed shareholders and the market that the IHC has allowed the complete resumption of operations, declaring the earlier suspension of plant activities illegal and without lawful authority. Following the court’s decision, Fecto Cement has restored normal operations at its facility, with production activities recommencing in the ordinary course of business.
The management stated that the temporary suspension did not have any material adverse impact on the company’s long-term financial position, asset base, or business continuity. With the resumption now in place, the company expects uninterrupted operations going forward.
Fecto Cement reaffirmed its commitment to full compliance with all statutory and regulatory requirements and emphasized that it continues to uphold the highest standards of transparency, corporate governance, and shareholder value. The company added that any further material developments, if applicable, will be communicated to the Pakistan Stock Exchange in accordance with regulatory requirements.
ER News Desk
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