Karachi: The Pakistan Stock Exchange (PSX) has mandated a compulsory buy-back directive to Asim Textile Mills Limited and J.A. Textile Mills Limited, citing their continuous non-compliance with PSX Regulation 5.11.1.(d). The regulation pertains to the companies’ failure to settle outstanding dues to the exchange.

According to a notice issued on January 12, 2026, both companies have until January 19, 2026, to address their non-compliance issues or adhere to the buy-back directive. If they fail to meet this deadline, the PSX will escalate the matter to the Securities and Exchange Commission of Pakistan (SECP) under clause 5.11.3.(e) for potential winding-up proceedings under the Companies Act, 2017.

The situation for J.A. Textile Mills Limited is further complicated. According to information available from the Pakistan Stock Exchange (PSX), the company has also been flagged for an additional compliance breach under PSX Regulation 5.11.1.(g). Additionally, the statutory auditor for J.A. Textile Mills Limited issued an adverse opinion in the audit report for the fiscal year ending June 30, 2025, as reported in a PSX notice dated December 18, 2025.

The PSX’s actions are part of its regulatory oversight within the designated market category, ensuring that listed companies adhere to financial and operational standards. The developments mark a critical juncture for both textile firms as they navigate regulatory and financial compliance challenges.