Karachi: The Pakistan Stock Exchange (PSX) has announced the prolonged suspension of trading in the shares of M/s. Huffaz Seamless Pipe Industries Limited, as the company has yet to address the compliance issues that led to the initial suspension. This decision, communicated through a report dated November 6, 2026, follows the directives outlined in PSX Notice No. PSX/N-1105 issued on September 8, 2026.

The suspension, effective from November 8, 2026, is a result of Huffaz Seamless Pipe Industries Limited's failure to comply with key regulatory requirements. These include the non-conduct of Annual General Meetings, non-submission of annual audited financial statements, and non-payment of dues to the Exchange. According to information available from the Pakistan Stock Exchange (PSX), the trading halt will persist until the company rectifies these compliance issues or for an additional period of 60 days.

This action is executed under the authority granted by Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations, underscoring the Exchange's commitment to maintaining regulatory standards. Huffaz Seamless Pipe Industries Limited's future on the Exchange remains contingent upon its ability to address the cited violations.