Karachi: The Pakistan Stock Exchange has taken decisive action against three companies for failing to comply with its regulations, issuing a compulsory buy-back directive to their sponsors and majority shareholders. This move follows previous notifications made on April 20, 2026, under PSX Notices No. PSX/N-438, PSX/N-439, and PSX/N-440.

According to the announcements made on July 13, 2026, Imperial Limited (symbol: IML), Dadabhoy Construction Technology Limited (symbol: DCTL), and Haseeb Waqas Sugar Mills Limited (symbol: HWQS) have been identified as non-compliant with PSX Regulation 5.11.1.(d). Furthermore, Dadabhoy Construction Technology Limited is also in breach of several other regulations, namely 5.11.1.(a), (g), and 5.11.2.(a), while Haseeb Waqas Sugar Mills Limited is additionally in violation of 5.11.1.(a).

These companies have been granted a deadline until July 20, 2026, to either rectify their non-compliance with the specified regulation or adhere to the compulsory buy-back direction. According to information available from the Pakistan Stock Exchange (PSX), failure to comply within the given timeframe will lead to the PSX forwarding these cases to the Securities and Exchange Commission of Pakistan (SECP). This could potentially initiate winding-up proceedings against the companies under clause 5.11.3.(g) of the PSX Regulations and the relevant provisions of the Companies Act, 2017.

This development underscores the stringent regulatory environment in the stock market and highlights the importance of adherence to financial regulations by listed companies. As the deadline approaches, the concerned companies face significant pressure to resolve their outstanding issues to avoid severe penalties, including potential winding-up proceedings.