The Karachi Stock Exchange (Guarantee) Limited’s notice of extension of submission of CDS eligibility of ordinary shares of Shahpur Textile Mills Limited under the CDC regulations

Karachi: This is further to our notices dated April 15, 2011 and June 20, 2011 notifying extension of suspension of CDS Eligibility of Ordinary Shares (Security Symbol: SHTM) of Shahpur Textile Mills Limited (hereinafter referred to as the “issuer”) with effect from April 12, 2011 on account of failure to comply with Regulation 13.7.1 by submitting R/TA Reconciliation Report duly authenticate further external auditors for the year ended June 30, 2010, along with payment of fine as imposed vide our notice dated December 20, 2010.

Considering that the issuer is continuously in default with regards to payment of fine imposed as aforesaid, Central Depository Company of Pakistan Limited has decided that the CDS Eligibility of Ordinary Shares of the Issuer shall remain suspended for a further period of 30 business Days commencing from August 30, 2011.

For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136

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