Karachi: The Pakistan Stock Exchange Limited (PSX) has announced the continuation of the suspension of trading for two companies, M/s. Fateh Textile Mills Ltd and M/s. Haji Mohammad Ismail Mills Limited, as they have not addressed the reasons for their previous suspensions. This decision was communicated further to PSX Notice Nos. PSX/N-703 and PSX/N-704, dated July 01, 2025.

The affected companies have been identified as failing to comply with specific PSX regulations. Fateh Textile Mills Ltd has not held its annual general meetings, submitted its audited financial statements, paid dues to the exchange, and is currently subject to a winding-up petition filed by creditors or shareholders in court. Haji Mohammad Ismail Mills Limited has suspended commercial production in its principal line of business, failed to pay exchange dues, received an adverse audit report, and is also facing a winding-up petition filed by the Securities and Exchange Commission of Pakistan (SECP).

According to information available from the Pakistan Stock Exchange (PSX), the suspension of trading in the shares of these companies will remain in effect until the issues are resolved or for an additional 60 days commencing August 31, 2025. This action is in line with the powers granted to the exchange under Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations.

The designated market category under which these decisions fall underscores critical adherence to regulatory compliance and financial reporting standards within the exchange. The ongoing suspension is considered a very large or significant move, reflecting the severity of the non-compliance issues faced by both companies.