Karachi: The Pakistan Stock Exchange (PSX) has announced an extension of the trading suspension for Haji Mohammad Ismail Mills Limited, effective from September 5, 2024. According to information available from the Pakistan Stock Exchange (PSX), the company has failed to address the non-compliances that led to the initial suspension, including the suspension of its principal commercial production, outstanding dues owed to the Exchange, adverse findings in its audit report, and a winding-up petition filed by the Securities and Exchange Commission of Pakistan (SECP).

The continuation of the trading halt, originally detailed in PSX Notice No.PSX/N-627 dated July 5, 2024, is based on unresolved issues outlined in Clauses 5.11.1.(a)(d)(g) and 5.11.2.(b) of the PSX Regulations. The PSX has exercised its authority under Sub-Section (7) of Section 19 of the Securities Act, 2015 and Clause 5.11 of the PSX Regulations to extend the suspension for another 60 days or until the company rectifies the causes of suspension. This measure reflects the Exchange’s commitment to maintaining market integrity and protecting investor interests.