Karachi: Dewan Farooque Spinning Mills Limited (DFSM) has been placed in the Non-Compliant Segment of the Pakistan Stock Exchange (PSX) due to a failure to pay an imposed penalty. The decision takes effect on November 11, 2026, following the company's inability to meet the requirements as outlined in Clause 5.21.1 of the PSX Regulations.

According to information available from the Pakistan Stock Exchange (PSX), DFSM did not adhere to the specified timeframe for settling the penalty, prompting the exchange to enforce Regulation 5.11.1. (d). Consequently, DFSM must address the non-compliance issue by paying the outstanding dues within a 90-day window, setting a compliance deadline of February 08, 2027.

Should DFSM fail to rectify the situation within the designated period, further actions may be taken in line with Clause 5.11.3 (d) of the PSX Regulations. Such measures include the potential issuance of a Risk Warning Alert against the company, as per the regulatory provisions.