Karachi: Chenab Limited, a textile company, has been placed on the Non-Compliant Segment of the Pakistan Stock Exchange (PSX) as of October 22, 2026. This development follows a notification issued by PSX, marking the company’s failure to pay its Annual Listing Fees for two consecutive years, alongside the Securities and Exchange Commission of Pakistan (SECP) Supervisory Fees.

According to information available from the Pakistan Stock Exchange (PSX), Chenab Limited has been given a 90-day period, until January 19, 2027, to rectify these compliance issues. If the company fails to meet the compliance requirements within this timeframe, PSX regulations dictate that a Risk Warning Alert will be issued, and further necessary actions will be undertaken.

The board of directors for Chenab Limited includes Mr. Muhammad Naeem, possessing the largest shareholding at 17.20 million shares, followed by Mian Muhammad Latif and Mian Muhammad Javed Iqbal with 13.68 million and 11.88 million shares respectively. Other directors include Mr. Tariq Ayub Khan, Mr. Muhammad Hashim, Mr. Maqsood ul Hassan, Mr. Muhammad Faisal Latif, and Mr. Muhammad Salman Javed.

In addition to the board, M/s. Chen Soft (Pvt) Limited is listed as an associated company, holding a 50.00% shareholding in Chenab Limited. This represents a substantial portion of the company’s total shares, denoting significant influence within the organization.

The situation places Chenab Limited under scrutiny as stakeholders observe the company’s ability to address its financial obligations and adhere to regulatory requirements within the stipulated period.