Karachi: The Pakistan Stock Exchange (PSX) has announced the continued suspension of trading in the shares of Dewan Mushtaq Textile Mills Limited, effective from July 15, 2026. This follows an earlier notice, PSX/N-606, dated May 15, 2026, which outlined the company's non-compliance with several regulatory clauses.

The decision to extend the trading suspension arises from Dewan Mushtaq Textile Mills Limited's ongoing failure to address critical compliance issues. These include the suspension of commercial production and business operations in its principal line of business, the failure to hold Annual General Meetings, the failure to submit annual audited financial statements, and non-payment of dues to the Exchange. Additionally, the audit report contained an Adverse Opinion.

According to information available from the Pakistan Stock Exchange (PSX), the trading suspension will remain in place until the company rectifies these issues or until another 60-day period concludes. This action is taken under Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations.

Dewan Mushtaq Textile Mills Limited, categorized under the designated market of the Pakistan Stock Exchange, faces significant regulatory hurdles. The continued trading suspension highlights the exchange's commitment to enforcing compliance and maintaining market integrity.