Karachi: The Pakistan Stock Exchange (PSX) announced on August 24, 2026, that trading in the shares of M/s. Apollo Textile Mills Limited will remain suspended. The decision was taken following the company's failure to address the causes of the initial suspension, a situation that has persisted despite notice PSX/N-782 issued on June 24, 2026.

The ongoing suspension is attributed to several non-compliance issues. Apollo Textile Mills Limited has not resumed commercial production or business operations in its principal line of business. Additionally, the company failed to hold its Annual General Meetings, submit its annual audited accounts, and has outstanding dues with the Exchange. The audit report also included a Disclaimer of Opinion, and a winding-up petition has been filed against the company in court by the Securities and Exchange Commission of Pakistan (SECP).

According to information available from the Pakistan Stock Exchange (PSX), the suspension will extend for another period of 60 days, effective from August 25, 2026, unless the company rectifies the identified issues. This action is executed under the authority of Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations. The designated market category remains unchanged during this period.