Karachi: Dewan Sugar Mills Limited (DWSM) is facing further disciplinary measures after failing to comply with Pakistan Stock Exchange (PSX) regulations concerning penalty payments. On June 12, 2025, it was announced that DWSM had not settled a penalty as required by Clause 5.21.1 of the PSX Regulations, prompting additional actions under Clause 5.11.1.(d).

Clause 5.11.1.(d) stipulates that a listed company may be placed in the Non-Compliant Segment for not paying, within the specified timeframe, annual listing fees for two years, any penalty imposed by the Exchange through a final order, or any other dues payable to the Exchange. DWSM, already listed in the Non-Compliant Segment due to an adverse opinion by its statutory auditor, will have this non-compliance recorded in the Daily Quotations of the Exchange starting June 13, 2025.

According to information available from the Pakistan Stock Exchange (PSX), DWSM must address this non-compliance by September 10, 2025, as mandated by Clause 5.11.3.(c) of the PSX Regulations. Failure to resolve the issue within the 90-day period could result in further actions, including the issuance of a Risk Warning Alert (RWA) against the company, as per Clause 5.11.3.(d).

The situation places DWSM in a precarious position within the designated market category, necessitating prompt corrective measures to avoid additional penalties and maintain its standing on the PSX.