Karachi: The Pakistan Stock Exchange (PSX) has announced that trading in the shares of Fateh Textile Mills Limited will remain suspended for an additional 60 days starting July 2, 2025. This decision follows the company's failure to address multiple compliance issues that led to an earlier suspension.

According to the PSX, Fateh Textile Mills has not conducted its annual general meetings, submitted its annual audited accounts, or settled outstanding dues with the Exchange. Additionally, a winding-up petition has been filed against the company by creditors or shareholders, further complicating its standing on the market.

The PSX took this action under the authority granted by the Securities Act, 2015, and its own regulations, specifically targeting the ongoing non-compliance with several clauses. The continued suspension reflects a significant move in regulatory enforcement, aimed at ensuring adherence to established financial and operational standards.

According to information available from the Pakistan Stock Exchange (PSX), the decision underscores the Exchange's commitment to maintaining transparency and accountability among listed companies. The suspension is set to persist until Fateh Textile Mills rectifies the identified issues or until the end of the new 60-day period. The company's failure to comply has left its investors in a state of uncertainty, highlighting the challenges faced by firms in meeting regulatory expectations within the designated market category.