Karachi: The Pakistan Stock Exchange (PSX) has announced the ongoing suspension of trading for shares of M/s. Mubarak Textile Mills Limited. This decision follows a previous notice, No. PSX/N-905, issued on July 21, 2026. The company has yet to address the issues that led to the initial suspension, which include non-compliance with specific clauses of PSX Regulations.

According to the report dated September 18, 2026, Mubarak Textile Mills Limited remains non-compliant with Clauses 5.11.1.(a), (g) and 5.11.2.(b) of the PSX Regulations. The issues involve suspended commercial production and business operations in its primary line of business. Additionally, the statutory auditor of the company has rendered an adverse opinion on its financial statements. Compounding these issues, a winding-up petition has been filed against the company in court by the Securities and Exchange Commission of Pakistan (SECP).

According to information available from the Pakistan Stock Exchange (PSX), trading in Mubarak Textile Mills' shares will remain halted until the company rectifies the causes of suspension. Alternatively, the suspension will persist for another 60 days effective from September 20, 2026, whichever comes first. This decision is made under the authority of Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations.

The situation highlights the importance of compliance with regulatory standards in the designated market category and serves as a reminder to other listed companies about the consequences of non-compliance. The PSX's firm stance on this matter underscores its commitment to maintaining market integrity and investor protection.