Security Leasing Corporation Ltd has told the Pakistan Stock Exchange that talks with creditors are moving forward, and that a court order now bars coercive steps, including winding up and delisting, while its licence case remains open.
The update, dated September 26, 2026, answers an exchange letter of September 16. Management says some creditor claims have already been settled. Talks with the rest continue, and several of those files are now at a final stage.
Creditor Talks And A Pending Recovery
A sizeable recovery from one debtor is expected in the coming days. The company says that inflow should help it meet financial obligations and keep the revival work moving.
These settlements and recoveries are being followed regularly. Their effect is expected to show up in the forthcoming annual financial statements. No figures for the settled amounts, or for the expected recovery, were given in the letter.
Court Order Bars Winding Up And Delisting
The company has also moved to protect its position in the licence cancellation case. An order of the SECP Appellate Bench dated April 8, 2025, was challenged before the High Court of Sindh.
On September 24, 2025, in Misc. Appeal No. 123 of 2025, the High Court restrained the respondents from taking any adverse or coercive action against the company. The restraint covers winding up and delisting proceedings.
Because the exchange is a party to those proceedings, the company has asked that the court order be kept on record. It has also asked that any action under the earlier notice stay suspended until the court decides the matter.
What Comes Next
Management says the remaining settlements and recoveries are still being pursued. It has promised to update the exchange on any material development.
For shareholders, the immediate point is procedural as much as financial. Creditor talks are advancing, a recovery is expected shortly, and a court stay currently stands between the company and delisting or winding up. Whether that stay holds, and whether the cash actually arrives, will shape the next chapter.