Karachi: The Pakistan Stock Exchange (PSX) has announced the continued suspension of trading in the shares of Fateh Textile Mills Ltd and Haji Mohammad Ismail Mills Limited, citing non-compliance with PSX regulations. This decision, rooted in regulatory oversight, was detailed in a notice dated June 24, 2026, and follows a prior notification issued in April 2026.

Fateh Textile Mills Ltd has been identified for several defaults, including the failure to hold annual general meetings, the non-submission of its annual audited financial statements, non-payment of dues to the Exchange, and a winding-up petition filed by creditors or shareholders in the court. Haji Mohammad Ismail Mills Limited has faced suspension for halting commercial production in its principal line of business, an adverse opinion in its audit report, and a winding-up petition filed by the Securities and Exchange Commission of Pakistan (SECP) in court.

According to information available from the Pakistan Stock Exchange (PSX), the suspension will remain in place until the companies rectify these issues or for an additional period of 60 days, starting from June 25, 2026. This move is in accordance with the powers conferred upon the Exchange by Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations.

The designated market category for these companies highlights the significance of regulatory compliance in maintaining the integrity and smooth functioning of the stock exchange. As the PSX monitors the situation, the companies in question are urged to address these defaults promptly to resume trading activities.