Karachi: The Pakistan Stock Exchange (PSX) has announced a continued suspension of trading in the shares of three companies due to ongoing non-compliance with regulatory requirements. The affected companies include Schon Textiles Limited, Zeal Pak Cement Factory Limited, and Security Leasing Corporation Limited.

According to a report dated November 13, 2026, the suspension follows a previous notice, PSX/N-1144, issued on September 16, 2026. The notice outlines the specific regulatory defaults and reasons for the suspension concerning each company.

Schon Textiles Limited faces suspension due to multiple breaches, including failure to hold its Annual General Meetings, non-submission of annual audited accounts, non-payment of dues to the Exchange, failure to induct its ordinary shares into the Central Depository System (CDS), and the appointment of an Official Liquidator following a court order related to a winding-up petition by the Securities and Exchange Commission of Pakistan (SECP).

Zeal Pak Cement Factory Limited is also suspended for failing to hold Annual General Meetings, non-submission of audited accounts, and non-payment of dues to the Exchange.

Security Leasing Corporation Limited has ceased its principal business operations and received an adverse opinion in its independent Auditor's report. Furthermore, its leasing license has been cancelled by the SECP, and a winding-up order has been initiated.

According to information available from the Pakistan Stock Exchange (PSX), the suspension of trading in these companies' shares will remain in effect until the causes of suspension are rectified. Alternatively, the suspension will extend for another period of 60 days starting November 16, 2026.

The 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 PSX continues to monitor compliance and enforce regulations to maintain market integrity within the designated market category.