Karachi: The Pakistan Stock Exchange (PSX) has announced an extension in the suspension of trading for Huffaz Seamless Pipe Industries Limited’s shares, citing ongoing non-compliance with regulatory requirements. The decision, dated March 12, 2026, follows a previous notice issued on January 09, 2026, which initially addressed the suspension.
According to information available from the Pakistan Stock Exchange (PSX), Huffaz Seamless Pipe Industries Limited has failed to address several key compliance issues. These include the failure to hold Annual General Meetings, the non-submission of annual audited financial statements, and the non-payment of dues to the Exchange. As a result, trading in the company’s shares will remain suspended until these issues are rectified. If unresolved, the suspension will continue for an additional period of 60 days starting from March 13, 2026.
The decision was made under the authority granted to the Exchange by Sub-Section (7) of Section 19 of the Securities Act, 2015, alongside clause 5.11 of the PSX Regulations. This action underscores the Exchange’s commitment to ensuring regulatory compliance across the market. The PSX categorized the situation as a significant move in response to the company’s prolonged non-compliance.
The stakeholders and investors are advised to note this decision for record-keeping and future reference purposes.