Fecto Cement’s Sangjani Plant faces a temporary suspension as authorities review operational compliance

Fecto Cement Limited (PSX:FECTC)  has disclosed a temporary operational development concerning its cement manufacturing plant located at Sangjani, Islamabad.

The facility is currently under a temporary suspension of operations due to certain administrative and procedural matters with local authorities, according to the company’s statement issued today.

The Company is actively engaging with the relevant forums to resolve the matter in accordance with applicable laws and established legal processes.

Management has stated that all necessary steps have been taken to safeguard the Company’s legal rights and remains confident that the issue will be resolved in due course.

Fecto Cement Limited does not foresee any long-term adverse impact on its financial position, asset base, or overall business continuity. Other operations of the Company continue as normal.

Further updates will be communicated to the Exchange as and when material developments occur.