Karachi: Trading in the shares of M/s. Ansari Sugar Mills Limited will remain suspended for at least another 60 days starting July 06, 2024. This extension follows the company's failure to address non-compliances that led to the initial suspension. These non-compliances include the failure to hold Annual General Meetings and to submit Annual audited accounts as required by clause(s) 5.11.1.(b)(c) of the PSX Regulations.

The suspension decision was made utilizing the powers vested in the Pakistan Stock Exchange under Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations. According to information available from the Pakistan Stock Exchange (PSX), the continuation of this suspension is meant to remain in effect until the causes for suspension have been rectified by the company.

This ongoing suspension serves as a critical compliance measure, ensuring that the regulations set forth for listed companies are strictly followed. The company must now address these issues promptly to resume trading activities.