Karachi: Trading in the shares of Apollo Textile Mills Limited will remain suspended, as the company continues to face several compliance issues, the Pakistan Stock Exchange (PSX) announced. The PSX had initially suspended trading in the company’s shares due to multiple regulatory non-compliances, as per their notice released on August 29, 2025.

Apollo Textile Mills Limited has not addressed the reasons for the suspension, which include halted commercial production and business operations, failure to hold annual general meetings, and not submitting annual audited accounts. Additionally, the company has not paid its dues to the exchange, the audit report included a Disclaimer of Opinion, and the Securities and Exchange Commission of Pakistan (SECP) has filed a winding-up petition against the company in court.

According to information available from the Pakistan Stock Exchange (PSX), the decision to extend the suspension was made under the powers granted by Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations. The suspension will remain in effect until the company rectifies these issues or for another 60 days starting from August 30, 2025.

The company is listed under the designated market category of the textile industry. The ongoing suspension reflects significant regulatory actions taken against companies that fail to comply with essential financial and operational requirements.