Karachi: The Pakistan Stock Exchange (PSX) announced the continued suspension of trading in the shares of six companies following their failure to address regulatory deficiencies, as detailed in a report released on July 17, 2026. This decision comes as part of the PSX's ongoing enforcement of compliance under the Securities Act, 2015.
The affected companies, as listed in the PSX Notice No. PSX/N-620 dated May 19, 2026, include M/s. Annoor Textile Mills Ltd, M/s. Dadabhoy Construction Technology Ltd, M/s. Hamid Textile Mills Ltd, M/s. Globe Textile Mills Ltd, M/s. Hajra Textile Mills Ltd, and M/s. Taj Textile Mills Limited. These firms have not yet resolved issues that led to the suspension of their stock trading activities.
M/s. Annoor Textile Mills Ltd faces suspension for multiple regulatory breaches, including its failure to conduct Annual General Meetings, submit its annual audited accounts, pay dues to the Exchange, and induct ordinary shares into the Central Depository System (CDS). Additionally, a winding-up petition has been filed by the Securities and Exchange Commission of Pakistan (SECP) in court.
M/s. Dadabhoy Construction Technology Ltd's suspension is tied to halted commercial operations in its primary business sector, non-payment of dues, a disclaimer of opinion in its auditor’s report, and an SECP order for winding-up proceedings.
Similar issues plague M/s. Hamid Textile Mills Ltd, which has not paid its dues to the Exchange, failed to introduce its ordinary shares into CDS, and received an adverse opinion in its auditor’s report.
The suspension of M/s. Globe Textile Mills Ltd is due to its cessation of commercial operations, non-payment of dues, non-induction of shares into CDS, and a disclaimer of opinion from its statutory auditor. A winding-up petition against it is also pending in court.
M/s. Hajra Textile Mills Ltd and M/s. Taj Textile Mills Limited both failed to conduct Annual General Meetings, submit audited accounts, and pay their dues, with winding-up petitions filed by the SECP. M/s. Taj Textile Mills Limited additionally failed to induct ordinary shares into CDS.
According to information available from the Pakistan Stock Exchange (PSX), the trading suspension will persist until the companies rectify their respective issues or for a subsequent period of 60 days starting July 19, 2026. This measure underscores the PSX's commitment to regulatory compliance and market integrity, as stipulated by the PSX Regulations 5.11 and the Securities Act, 2015.