Trading Suspension Continues for Huffaz Seamless Pipe Industries Limited

Karachi, According to information available from the Pakistan Stock Exchange (PSX), trading in the shares of M/s. Huffaz Seamless Pipe Industries Limited will remain suspended. This suspension is an extension following an initial notice, PSX/N-232, dated March 14, 2024, and is due to the company's failure to comply with specific regulatory requirements. The non-compliances cited include the failure to hold its Annual General Meetings and the non-submission of Annual Audited Financial Statements, as required under clauses 5.11.1.(c)(d) of the PSX Regulations. The suspension will continue until these issues are addressed, or for another period of 60 days starting from May 14, 2024. This action is taken under the authority granted by Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations. All concerned parties are advised to take note of this continuation of the trading suspension.