Karachi, The Pakistan Stock Exchange (PSX) has announced an extension of the trading suspension for both ordinary and preference shares of M/s. Chenab Limited. The suspension, effective for an additional 60 days starting May 19, 2024, continues due to unresolved regulatory non-compliances by the company.

According to information available from the Pakistan Stock Exchange (PSX), the specific issues leading to this extended suspension include the failure to hold Annual General Meetings, non-submission of annual audited financial statements, and non-payment of dues to the Exchange. These infractions are in violation of Clause 5.11.1.(c)(d)(e) of the PSX Regulations.

This decision to extend the suspension is in line with the powers vested in the Exchange under Sub-Section (7) of Section 19 of the Securities Act, 2015, and Clause 5.11 of the PSX Regulations. Chenab Limited will remain unable to trade its shares until these compliance issues are rectified.