Karachi: The Pakistan Stock Exchange (PSX) has announced the continuation of trading suspension in the shares of six companies due to unresolved regulatory defaults. The decision, effective from November 21, 2025, extends the suspension initially communicated in PSX Notice No. PSX/N-1005 dated September 19, 2025.

The companies affected by this action include Annoor Textile Mills Ltd, Dadabhoy Construction Technology Ltd., Hamid Textile Mills Ltd, Globe Textile Mills Ltd, Hajra Textile Mills Ltd, and Taj Textile Mills Limited. These companies have failed to address various compliance issues, leading to the extended suspension.

Annoor Textile Mills Ltd is cited for failing to hold annual general meetings, not submitting its annual audited accounts, non-payment of dues, and a winding-up petition filed by the Securities and Exchange Commission of Pakistan (SECP) in court. Similarly, Dadabhoy Construction Technology Ltd. has suspended its principal business operations and faces a disclaimer of opinion in its independent auditor's report, alongside other defaults.

Hamid Textile Mills Ltd and Globe Textile Mills Ltd have been flagged for non-payment of exchange dues and adverse audit opinions, with the latter also having suspended commercial operations. Hajra Textile Mills Ltd and Taj Textile Mills Limited share similar issues, including failure to hold required meetings, submit accounts, and pending winding-up petitions by SECP.

According to information available from the Pakistan Stock Exchange (PSX), trading in the shares of these companies will remain suspended until they rectify the causes of suspension or until another 60-day period lapses.

The PSX's decision is executed under Sub-Section (7) of Section 19 of the Securities Act, 2015, and PSX Regulations 5.11. This action underscores the regulatory body's commitment to maintaining transparency and accountability within the market category.