Karachi June 30 2022: Pakistan Stock Exchange has shifted the M/s. Diamond Industries Limited (DIIL) to Normal Counter from Default as it has rectified the non-operating clause of Regulations.
In this context, ii is hereby informed that DIIL has resumed its business operations of manufacturing and sales and fulfilled other regulatory requirements as required under the PSX Regulations hence, rectified the non-compliance of PSX Regulation 5.11.1.(b).
The company has already rectified default PSX Regulation 5.11.1.(e) of PSX by payment of its outstanding dues to the Exchange.
In view thereof, DIIL shall be shifted to the “Normal Counter” of the Exchange and trading in its shares will be restored with effect from July 01, 2022.
DIIL has been advised to ensure meticulous compliance of all applicable Rules and Regulation:, so that the interests of minority shareholders remain protected at all times.
