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Karachi, Sitara Peroxide Limited has announced that its Board of Directors convened a meeting on August 16, 2023, both in-person and via video link, at Faisalabad to evaluate the company’s performance. As a result of discussions, the board has unanimously resolved to explore diverse funding options with the aim of resolving the current challenges the company is facing.
Plant Suspension Situation:
Given the recent suspension of plant operations and production for several weeks, the company is actively seeking ways to address this situation and restore its operations to regular capacity.
Empowering Management for Action:
Furthermore, the board has granted the management the authority to take all necessary actions essential for achieving the aforementioned objective, signifying the company’s dedication to navigating through the existing challenges and ensuring a swift recovery.
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