Thatta Cement Company Limited has strongly denied circulating social media claims suggesting that the company is facing a severe liquidity crisis and that its recent Rs. 6.5 billion investment has been frozen by court orders. In an official filing submitted to the Pakistan Stock Exchange (PSX) on Thursday, the company termed these reports as “false circulation of information” and reassured investors of its solid financial position.
Company Maintains Strong Liquidity Position:
In its clarification, the company emphasized that it continues to maintain substantial liquid cash reserves on its balance sheet. The management rejected the narrative that the company is under any financial distress, stating clearly:
“The Company maintains substantial liquid cash reserves in its books.”
This statement directly contradicts online speculation that suggested the cement manufacturer was struggling to meet its financial obligations.
Rs. 6.5 Billion Investment Nearly Doubles:
Addressing concerns about its recent investment, Thatta Cement confirmed that the lawful investment of PKR 6.5 billion made through PSX has nearly doubled in value, reinforcing confidence in the company’s financial strategy and market performance.
This development is particularly significant for shareholders, as it highlights the company’s ability to generate strong returns despite broader economic challenges.
Legal Matter Sub-Judice in Islamabad High Court:
The company also clarified the status of ongoing legal proceedings, confirming that the matter is currently sub-judice before the Islamabad High Court.
While a Single Bench granted ex parte ad interim relief to the petitioners in Company Original Petition Nos. 16 & 17 of 2025, the company stressed that:
• No final decision or adjudication has been made so far
• The next hearing is scheduled for December 23, 2025
Importantly, the company rejected claims that the investment has been permanently frozen or rendered a “dead asset.”
Commitment to Transparency and Regulatory Compliance:
Reaffirming its commitment to investors and regulators, Thatta Cement assured that any material developments will be disclosed through proper channels in full compliance with PSX regulations. The company urged stakeholders to rely only on official disclosures rather than unverified social media reports.