Karachi: Khalid Siraj Textile Mills Limited (KSTM) has rectified specific non-compliance issues highlighted by the Pakistan Stock Exchange (PSX) regarding the company's failure to hold its Annual General Meeting (AGM) and transmit its annual audited financial statements for the fiscal year ending June 30, 2024. According to a notification referenced as PSX Notice No. PSX/N-1061 dated November 05, 2024, KSTM's prior non-compliance with Clauses 5.11.1.(b) and (c) of the PSX Regulations has been addressed.

The company has now convened its overdue AGM and has submitted its annual audited financial statements for the specified financial year. This action has rectified the mentioned non-compliance issues, according to information available from the Pakistan Stock Exchange (PSX).

Despite these rectifications, KSTM will continue to be listed in the Non-Compliant Segment due to ongoing non-compliance with Clauses 5.11.1.(a), (d), and (g) of the PSX Regulations. The company must address all outstanding compliance issues to be removed from this segment. The matter remains under the purview of the designated market category.