Karachi: Trading in the shares of M/s. Dewan Mushtaq Textile Mills Limited will remain suspended, as the company has yet to address the reasons behind the suspension, according to a notice issued by the Pakistan Stock Exchange (PSX).
The decision, dated January 15, 2026, follows the unresolved non-compliance with several clauses of the PSX regulations. The company has not removed the causes of suspension related to its failure to maintain commercial production in its primary business line, hold Annual General Meetings, submit annual audited financial statements, and pay dues to the Exchange. Additionally, there is an adverse opinion in the audit report.
The notice further states that trading in the company’s shares will remain suspended until the issues are resolved or for an additional 60-day period, starting January 16, 2026. This action is taken under the powers provided by Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations.
According to information available from the Pakistan Stock Exchange (PSX), the decision is in line with regulatory measures to ensure compliance and transparency within the market operations.