Karachi: D.M. Corporation Limited, previously known as D.M. Textile Mills Limited, is set to rejoin the Normal Counter of the Pakistan Stock Exchange (PSX) following a period of non-compliance. This move comes as the company addresses and rectifies previous issues that had led to its placement in the Non-Compliant Segment since November 2020.

On July 3, 2025, the PSX released an update confirming that D.M. Corporation Limited has resumed its commercial production and business operations in a new principal line of business. The company's suspension from the Non-Compliant Segment was initially due to an adverse opinion issued by the statutory auditor in the audit report for the fiscal year ending June 30, 2020. Additionally, the company had halted its commercial operations in its primary business line for over a year.

According to the PSX notice, the company has rectified these issues, validated by an audit from Mushtaq & Co. Chartered Accountants. The restoration of D.M. Corporation to the Normal Counter is effective from July 4, 2025.

The transition signifies the company's compliance with the exchange's regulations, specifically addressing the issues outlined in Clauses 5.11.1.(a) and (g). According to information available from the Pakistan Stock Exchange (PSX), this change marks a significant shift in D.M. Corporation's operational and financial status, allowing it to regain its position in the designated market category.

This development reflects the company's efforts to realign its business practices and adhere to regulatory standards, paving the way for renewed investor confidence and market participation.