Karachi: Asim Textile Mills Limited has been placed in the Non-Compliant Segment by the Pakistan Stock Exchange (PSX) due to non-payment of penalties. The notification was issued through Notice No. PSX/N-410 dated April 22, 2025, and the placement took effect on April 23, 2025.

The decision follows Clause 5.11.1.(d) of the PSX Regulations, which pertains to non-payment of penalties. Asim Textile Mills Limited now has 90 days, up to July 21, 2025, to rectify the default. If the non-compliance is not addressed within the specified time frame, a Risk Warning Alert shall be issued by the PSX.

According to information available from the Pakistan Stock Exchange (PSX), the substantial shareholders of the company include Mr. Zahid Anwar, who holds 29.72% of shares, Mr. Imran Zahid with 14.10%, and Mr. Zeeshan Zahid holding 13.43%.

The current situation places Asim Textile Mills Limited under scrutiny within the designated market category by the PSX. Stakeholders and the general public have been informed of the development, which is governed by Clause 5.11.3.(a) of the PSX Regulations.