Karachi: Hira Textile Mills Limited has addressed its previous non-compliance with certain regulations of the Pakistan Stock Exchange. The company had been issued a Risk Warning Alert as detailed in PSX Notice No. PSX/N-427, dated April 25, 2025, due to its failure to conduct an Annual General Meeting and transmit Annual Audited Financial Statements for the fiscal year ending June 30, 2024. This non-compliance had prompted the PSX to alert all stakeholders to the company's status.

According to the latest updates, Hira Textile Mills Limited has now convened its overdue Annual General Meeting and has successfully transmitted the required financial statements. This was officially communicated through PUCARS on June 30, 2025. As a result, the company's previous violations of PSX Regulations 5.11.1.(b) and (c) have been resolved.

Despite this rectification, Hira Textile Mills Limited remains listed in the 'Non-Compliant Segment' of the PSX. This status is due to a Disclaimer of Opinion issued by the company's statutory auditor in its audit report. The company will remain in this segment under Clause 5.11.1.(g) of the PSX Regulations until any outstanding non-compliance issues are fully addressed.

According to information available from the Pakistan Stock Exchange (PSX), the designation of the 'Non-Compliant Segment' serves to inform investors and market participants of companies that have not fully adhered to exchange regulations. Hira Textile Mills Limited's effort to address its compliance issues marks a step towards improving its regulatory standing.