Company says cost-plus structure retained with revised parameters, deal aligned with market dynamics, and new banknote rollout
Security Papers Limited (SPL) has approved the renewal of its trade agreement with Pakistan Security Printing Corporation (Pvt.) Ltd. (PSPC) for a further period of three years.
The decision was taken by the company’s board of directors in its meeting held on April 29, 2026, according to a disclosure submitted under the Securities Act, 2015 and PSX Regulations.
The company said that the renewed agreement will continue on a cost-plus basis, although key parameters have been revised compared to the previous arrangement to reflect changing market conditions and operational experience over the past three years.
Under the updated framework, the margin structure has been rationalised with revised benchmarking aligned to sectors more relevant to the company’s operations. The agreed gross margin for the next three years has been set at 24%.
Security Papers Limited said the revisions are aimed at improving efficiency and aligning the agreement with current market dynamics.
The company also indicated that the upcoming launch of a new banknote series, along with a focus on productivity and operational efficiency, is expected to support profitability over the agreement period.