Karachi: The Pakistan Stock Exchange (PSX) has extended the suspension of trading in the shares of M/s. Dewan Mushtaq Textile Mills Limited, citing ongoing non-compliance issues. The decision follows the company's failure to address several regulatory requirements as outlined in PSX Notice No. PSX/N-1117, dated September 11, 2026.

According to information available from the Pakistan Stock Exchange (PSX), Dewan Mushtaq Textile Mills Limited has not resumed its commercial production or business operations in its principal line of business. Moreover, the company has not conducted its Annual General Meetings, submitted annual audited financial statements, or settled its dues with the Exchange. Additionally, an adverse opinion in the audit report further complicates the company's standing.

The PSX has mandated that trading in the company's shares will remain suspended until these issues are resolved. The suspension will be effective for an additional 60 days starting November 12, 2026, pending rectification of the cited causes. The textile company falls under the designated market category of textiles within the PSX.

The extended suspension underscores the importance of compliance with regulatory requirements to ensure the smooth functioning of market dynamics and safeguard the interests of investors.