Karachi: The Pakistan Stock Exchange (PSX) has announced the continued suspension of trading in the shares of M/s. Dewan Mushtaq Textile Mills Limited, as the company remains entangled in non-compliance issues, according to the PSX’s recent notice. This suspension, effective from March 17, 2026, will persist until the company addresses the outlined deficiencies or for an additional period of 60 days.

The suspension follows M/s. Dewan Mushtaq Textile Mills Limited’s failure to rectify several breaches of the PSX Regulations, as highlighted in the Exchange’s earlier notice dated January 15, 2026. The non-compliances include the suspension of commercial production and business operations in its principal line of business, the failure to hold Annual General Meetings, the non-submission of annual audited financial statements, outstanding dues to the Exchange, and an adverse opinion in the audit report.

According to information available from the Pakistan Stock Exchange (PSX), these ongoing issues have necessitated the decision to maintain the suspension. The decision aligns with the powers granted to the Exchange under Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations.

The continuation of this trading suspension underscores the Exchange’s commitment to enforcing compliance and maintaining market integrity. Stakeholders are advised to note these developments for record purposes, as the situation remains under close scrutiny.