SLCL settles some creditor dues, expects sizeable debtor recovery in coming days

Security Leasing Corporation Ltd (SLCL) has cleared part of its debts to creditors, and Mettis Global reported that talks with several other lenders are in their final phase. The company also expects a large sum to come in from one of its debtors shortly, which it says would support its ability to meet obligations and push its revival plans forward. The update came in a reply to a letter from the PSX, dated September 16, 2026.

Before the Sindh High Court, the company is contesting an SECP Appellate Bench order dated April 8, 2025, which relates to the cancellation of its licence. Meanwhile, a September 24, 2025 order in Misc. Appeal No. 123 of 2025 stops the respondents from taking coercive measures, such as winding up or delisting moves, against the firm. SLCL has also asked the exchange to record that order and to hold off on any step under its earlier notice pending a court ruling, given the exchange's role as a party in the case.

Management checks progress on the outstanding settlements and collections periodically, and results will be shown in its next annual accounts. It also said it will keep the PSX updated on any material development, and the disclosure went out as a notification to the exchange.