Islamabad: Redco Textiles Limited has successfully obtained a stay order from the Honorable Islamabad High Court, effectively halting ongoing investigation proceedings initiated by the Securities and Exchange Commission of Pakistan (SECP). This development was formally disclosed in a report dated August 3, 2026, in compliance with PSX Regulation 5.6.6A.

The investigation, initially prompted by a notice issued on March 24, 2021, falls under Section 257 of the Companies Act, 2017. The proceedings are currently classified under case number 3970/2023 as a writ petition (W.P) and remain pending adjudication by the Honorable Islamabad High Court.

According to information available from the Pakistan Stock Exchange (PSX), Redco Textiles Limited has adhered to the procedural requirements by disseminating this information through the PUCARS system, in line with the aforementioned regulation.

The stay order, granted on December 22, 2023, signifies a crucial interim relief for Redco Textiles Limited, as the case awaits further judicial review. The outcome of this legal process remains to be seen, with significant implications for the company and its stakeholders within the designated market category.