Sitara Peroxide eyes plant restart after debt repayment

Sitara Peroxide Limited has repaid nearly all of its bank liabilities, with only a small sum still owed to one lender. The company is now working to restart a plant that was shut down, after finishing its balancing, modernisation and replacement (BMR) programme. Mettis Global reported on October 07, 2026, citing a progress report the company filed with the Pakistan Stock Exchange.

According to the report, the shutdown was meant to stop mounting operating losses, lower finance costs by repaying bank debt, and allow a full overhaul of plant and machinery. During the closure the company cut every type of expense and settled its bank dues. Management now aims to resume operations in the foreseeable future and says it is firmly committed to restarting.

To fund the restart, the company is seeking new money through equity, bank loans, or a combination of both. It is also holding talks with its technology provider and engineering firms. The company has requested that the exchange weigh the advances achieved so far.