Karachi: The Pakistan Stock Exchange (PSX) has announced an extension of the suspension of trading in the shares of M/s. Dewan Khalid Textile Mills Limited due to continued non-compliance with multiple regulatory requirements. This decision, reported on October 16, 2026, follows the initial notice PSX/N-1016 issued on August 19, 2026.

The textile company's shares will remain suspended for an additional 60 days starting October 19, 2026, unless the underlying issues are resolved. The suspension stems from the company's failure to meet several obligations, including the suspension of its principal business operations, not holding Annual General Meetings, and not submitting annual audited accounts. Additionally, the company has not paid its dues to the exchange, and its statutory auditor has issued an adverse opinion in the audit report. Furthermore, both the Commission and creditors have filed or ordered winding-up petitions against the company in court.

According to information available from the Pakistan Stock Exchange (PSX), the decision to extend the suspension is made under the authority granted by Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations. The move underscores the importance of regulatory compliance for companies listed on the exchange.

The designated market category for this action remains focused on ensuring that listed companies adhere to the established standards to protect investor interests and maintain market integrity. Dewan Khalid Textile Mills Limited must rectify these compliance failures to resume trading on the exchange.