Karachi, The Pakistan Stock Exchange (PSE) has announced that the suspension of trading in shares of Haji Mohammad Ismail Mills Limited will continue. This decision comes as the company has yet to address the reasons behind the initial suspension which includes several regulatory non-compliances.

The exchange specified that the firm has not resumed commercial production or business operations in its principal line of business, has failed to pay dues owed to the Exchange, and has an adverse opinion in its audit report. Additionally, a winding-up petition has been filed against the company by the Commission. The trading halt will persist until these issues are resolved, or for another 60-day period starting from May 08, 2024.

The ongoing suspension is enforced under the authority of Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.1.1 of the PSX Regulations, ensuring that the company meets all regulatory requirements before resuming trading.