The Lahore Stock Exchange Limited has de-listed the Mineral Grinding Mills Limited from the exchange taking the number of listed companies to 432. The mineral company, listed in 1991, is under violation of the Listing Regulations No 30(1)(b)(d)(e)(g) of the Stock Exchange, for instance, non-holding of AGM, had gone into liquidation though Court Order, non-payment of annual listing fee of the exchange and failing to induct its ordinary shares into CDS.
"Trading in the shares of the company has been suspended since August 16, 2010. The company has been dissolved vide order of the Sindh High Court (SHC) received from the SECP," a Stock Exchange spokesman said. "The Stock Exchange, after considering facts and circumstances and in exercise of the powers vested in it under Section 19 (4) of the Securities Act, 2015 and LSE Listing Regulations, has de-listed the company."
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