Sitara Peroxide Limited has submitted a progress report detailing the current status of its plant operations and financial restructuring efforts.
- The plant is currently shut down to prevent operational losses while undergoing Balancing, Modernization, and Replacement (BMR) of machinery.
- The company has significantly repaid its liabilities to financial institutions to strengthen its financial position.
- Management is actively seeking fresh funding through equity and bank borrowings, and negotiations with technology providers are ongoing.
- The company is committed to completing the BMR process as soon as possible to resume operations.