Karachi, The Pakistan Stock Exchange (PSE) has extended the suspension of trading in shares of M/s. Salman Noman Enterprises Limited. The suspension, effective until at least another 60 days from May 02, 2024, is due to unresolved non-compliances with multiple clauses of the PSX Regulations.

M/s. Salman Noman Enterprises Limited has been penalized for several infractions, including the suspension of commercial production in its principal line of business, non-payment of dues to the Exchange, a disclaimer of opinion in the audit report, and a Show Cause Notice issued by the Securities and Exchange Commission of Pakistan (SECP) for initiating winding-up proceedings.

The extension of the trading suspension is in line with the powers conferred by Sub-Section (7) of Section 19 of the Securities Act, 2015, and Clause 5.11 of the PSX Regulations.