Karachi: Trading in the shares of M/s. Dewan Khalid Textile Mills Limited will remain suspended due to ongoing non-compliance issues, as stated by the Pakistan Stock Exchange (PSX) in a notice issued on August 22, 2025. The suspension, originally noted in PSX Notice No.PSX/N-670 dated June 25, 2025, has been extended for another 60 days starting from August 25, 2025.

The ongoing suspension results from the company’s failure to address several regulatory non-compliance issues. These include the suspension of commercial production and business operations, failure to convene its Annual General Meetings, and the inability to submit its annual audited accounts. Additionally, the company has not paid its dues to the Exchange, and an adverse opinion was issued by its statutory auditor. The situation is compounded by a winding-up petition ordered by the Commission and filed by creditors in court.

The decision to extend the suspension is in accordance 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. According to information available from the Pakistan Stock Exchange (PSX), the suspension will persist until the identified issues are resolved or until the end of the designated 60-day period.

The textile sector, which is categorized under the designated market category of the PSX, is closely monitoring the developments regarding Dewan Khalid Textile Mills Limited, as the situation continues to unfold.