Clover Pakistan Limited (PSX: CLOV) has informed the Pakistan Stock Exchange (PSX) that the Sindh High Court has issued a stay order, preventing the sale of the company's shares pledged with Sindh Bank Limited.

According to a stock filing by CLOV, their parent company, Fossil Energy (Pvt) Limited, conveyed the court's decision, which restrains the defendants from selling the plaintiff's shares in Clover Pakistan Limited or any of their other properties.

Clover Pakistan's primary business activities include the sale of food products, consumer durables, chemicals, and lubricants, as well as the import and trade of gantry equipment, air/oil filters, and car care products. The company is also involved in the marketing, distribution, and after-sales support of office automation products, fuel dispensers, vending machines, and digital screens.