Karachi: The Pakistan Stock Exchange (PSX) has announced the continued suspension of trading in the shares of M/s. Zeal Pak Cement Factory Limited. This decision follows the company's failure to address the issues that led to the initial suspension, as highlighted in PSX Notice No. PSX/N-112 dated January 24, 2025.

The company has not complied with PSX Regulations 5.11(b)(c)(d), which include the failure to hold Annual General Meetings, submit annual audited accounts, and pay dues to the Exchange. As a result, the PSX has decided to maintain the suspension of trading in the company's shares. This suspension will remain in place until the company rectifies these issues or for an additional period of 60 days effective from March 26, 2025.

The PSX's decision was made under the authority granted by Sub-Section (7) of Section 19 of the Securities Act, 2015, and is in accordance with PSX Regulations 5.11. According to information available from the Pakistan Stock Exchange (PSX), the decision is a measure to ensure compliance and protect the interests of the stakeholders involved.

M/s. Zeal Pak Cement Factory Limited's non-compliance with essential regulatory requirements has led to this continued suspension, impacting its market position within the designated market category. The company is required to address these regulatory issues to resume trading and restore investor confidence.