Karachi: J.A. Textile Mills Limited (JATM) has been placed in the Non-Compliant Segment of the Pakistan Stock Exchange (PSX), as per Notice No. PSX/N-410, issued on April 22, 2025. The placement came into effect on April 23, 2025, following JATM's failure to adhere to specific regulatory requirements outlined by PSX.

The decision to categorize JATM in the Non-Compliant Segment was made due to non-payment of a penalty imposed by the PSX through an official order, as per Clauses 5.11.1.(d) of the PSX Regulations. This move is part of the exchange's ongoing commitment to enforcing compliance among listed companies, with JATM being required to rectify the default within 90 days, up to July 21, 2025. Failure to comply could result in further actions, including the issuance of a Risk Warning Alert.

According to information available from the Pakistan Stock Exchange (PSX), the directors of J.A. Textile Mills Limited include Mr. Zahid Anwar, who holds 7,281,722 shares, Mr. Imran Zahid with 1,162,712 shares, Ms. Quratul Ain Zahid with 469,857 shares, and several others with smaller holdings. Mr. Zahid Anwar is also noted as a substantial shareholder, possessing 57.79% of the company's shares.

This development is significant for stakeholders and the general public, particularly those involved in the textile sector, as it highlights the importance of regulatory compliance in maintaining the integrity and trust of market participants. The market category for this notice remains focused on the textile industry, a vital component of Pakistan's economy.