Karachi: Service Industries Textiles Ltd. (SERT) has issued a statement addressing the recent unusual movements observed in its share price, clarifying that it has complied with all regulatory disclosure requirements. In a letter dated June 24, 2026, the company responded to inquiries from the Pakistan Stock Exchange (PSX) following a notable change in its stock value.

The communication, referencing letter no. PSX/Gen-723 from June 22, 2026, emphasized that the company has consistently adhered to Section 97 of the Securities Act, 2015, and clause 5.6.3 of the Pakistan Stock Exchange Regulations. These regulations mandate the timely disclosure of all price-sensitive and material information to the exchange.

According to information available from the Pakistan Stock Exchange (PSX), the company reiterated that neither its directors nor officers, nor any associated parties, were involved in the movement of its shares. Furthermore, the company stated it is unaware of any internal information that might have influenced the recent changes in its share price.

The Service Industries Textiles Ltd. operates within the designated market category and has assured stakeholders of its commitment to maintaining transparency and regulatory compliance in all its financial communications.