Karachi: The Pakistan Stock Exchange (PSX) has set a compliance deadline of July 21, 2025, for four companies in the textile sector to address non-compliance with PSX regulations. This directive follows multiple notices, including PSX/N-405 and PSX/N-406 issued on April 21, 2025, highlighting the companies' failure to settle outstanding dues owed to the exchange.

The companies affected by this directive include Amtex Limited (AMTEX), Dewan Mushtaq Textile Mills Limited (DMTM), Crescent Jute Products Limited (CJPL), and Dewan Textile Mills Limited (DWTM). They are required to rectify non-compliance issues related to PSX Regulation 5.11.1.(d) or proceed with a compulsory buy-back option. The compliance deadline is stipulated to ensure adherence to regulatory requirements and prevent further penalties.

According to information available from the Pakistan Stock Exchange (PSX), should Amtex Limited and Dewan Mushtaq Textile Mills Limited fail to meet the compliance requirements by the specified date, their cases will be forwarded to the Securities and Exchange Commission of Pakistan (SECP). This step would initiate winding-up proceedings under clause 5.11.3.(g) of the PSX Regulations, as per the Companies Act, 2017.

Crescent Jute Products Limited and Dewan Textile Mills Limited are already under winding-up actions initiated by the SECP. Any additional measures will be undertaken according to the relevant provisions of the PSX Regulations. The deadline and potential consequences underscore the PSX's commitment to maintaining regulatory compliance within its designated market category.