Karachi: The Pakistan Stock Exchange (PSX) has announced the continuation of trading suspensions for Schon Textiles Limited, Zeal Pak Cement Factory Limited, and Security Leasing Corporation Limited due to unrectified regulatory defaults. According to a report released on July 17, 2026, the trading halt will remain in effect for an additional 60 days starting July 19, 2026, unless the companies address the cited issues.

Schon Textiles Limited failed to hold annual general meetings, submit its annual audited accounts, pay dues to the exchange, and induct its ordinary shares into the Central Depository System (CDS). Furthermore, a court has appointed an official liquidator following a winding-up petition filed by the Securities and Exchange Commission of Pakistan (SECP) against the company.

Zeal Pak Cement Factory Limited also faces suspension due to its inability to hold annual general meetings, submit audited accounts, and clear outstanding exchange dues.

Security Leasing Corporation Limited's suspension is attributed to the cessation of commercial production and business operations, an adverse opinion in its independent auditor's report, and the cancellation of its leasing license. Additionally, the SECP has ordered the initiation of winding-up proceedings against the company.

According to information available from the Pakistan Stock Exchange (PSX), the decision to uphold the trading suspensions aligns with the powers vested in the exchange under Sub-Section (7) of Section 19 of the Securities Act, 2015, and Clause 5.11 of the PSX Regulations. The PSX Notice No.PSX/N-619, dated May 19, 2026, initially addressed these regulatory defaults.