Karachi: The Pakistan Stock Exchange (PSX) has issued a directive mandating a compulsory buy-back for Asim Textile Mills Limited and J.A. Textile Mills Limited due to their ongoing non-compliance with PSX regulations. The deadline for compliance is set for January 19, 2026.

According to information available from the Pakistan Stock Exchange (PSX), both companies have been found in violation of PSX Regulation 5.11.1.(d), which pertains to the failure to pay outstanding dues to the exchange. The directive follows a previous notice dated October 20, 2025, highlighting the companies’ continuous failure to rectify their non-compliance.

The situation is particularly critical for J.A. Textile Mills Limited, which, in addition to non-compliance under Regulation 5.11.1.(d), has also received an adverse opinion from its statutory auditor in the audit report for the fiscal year ending June 30, 2025. This adverse opinion was formally communicated in a separate PSX notice issued on December 18, 2025.

If the companies fail to meet the compliance requirements by the stipulated deadline, the PSX will escalate the matter to the Securities and Exchange Commission of Pakistan (SECP). This could lead to winding-up proceedings under the relevant provisions of the Companies Act, 2017.

The PSX has reiterated the importance of adhering to the compliance deadline, urging all concerned parties to take note of the directive. Failure to comply with the buy-back direction or rectify the outstanding dues could result in severe consequences for both textile firms.