Karachi: The Pakistan Stock Exchange (PSX) has announced the continuation of the suspension of trading in the shares of M/s. Dewan Khalid Textile Mills Limited. This decision follows the company's failure to address numerous compliance issues, as outlined in PSX Notice No.PSX/N-751, dated June 19, 2026.

The textile firm has not resolved the causes of suspension related to non-compliance with various clauses of the PSX Regulations. According to the detailed report dated August 19, 2026, Dewan Khalid Textile Mills Limited has ceased commercial production, failed to convene its Annual General Meetings, neglected to submit its annual audited accounts, and has outstanding dues to the Exchange. Additionally, an adverse opinion was issued by its statutory auditor, and a winding-up petition has been ordered against the company by the Commission. Creditors have also initiated a winding-up petition in court.

According to information available from the Pakistan Stock Exchange (PSX), the suspension will remain in effect until the company rectifies these issues or for an additional 60 days starting August 20, 2026. This action is taken under the authority granted to the Exchange by Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations.

The suspension decision highlights the stringent compliance requirements imposed by the PSX to maintain market integrity and protect stakeholders in the designated market category.