Karachi: Two firms, Chenab Limited and Waves Home Appliances Limited, have been placed in the "Non-Compliant Segment" of the Pakistan Stock Exchange (PSX) due to their failure to pay the Annual Listing Fees (ALF) and the Securities and Exchange Commission of Pakistan (SECP) supervisory fee for two consecutive years. This development comes amid regulatory oversight practices outlined by the PSX.

On October 21, 2026, the PSX announced its decision regarding the non-compliance of these companies, citing adherence to PSX Regulation 5.11.1.(d). According to information available from the Pakistan Stock Exchange (PSX), the companies face potential consequences if they do not rectify this non-compliance by January 19, 2027. The regulatory measure requires these companies to settle their outstanding dues within ninety days from the date of notification.

The designated market category for these companies is the Non-Compliant Segment, a classification that underscores their current status in relation to PSX regulations. Failure to address the outstanding financial obligations within the given period may result in further actions under Clause 5.11.3 (d) of the PSX Regulations. This could include the issuance of a Risk Warning Alert against Chenab Limited and Waves Home Appliances Limited, thereby impacting their operational standing within the market.

Industry observers and stakeholders are closely monitoring the situation as the compliance deadline approaches. The actions taken by PSX highlight the importance of regulatory compliance within the financial markets, ensuring that all listed entities adhere to established financial and operational standards.