Karachi: The Pakistan Stock Exchange (PSX) has announced an extension to the suspension of trading in the shares of Dewan Mushtaq Textile Mills Limited. The suspension, initially reported on July 14, 2026, under PSX Notice No. PSX/N-877, will continue for an additional 60 days starting from September 13, 2026. This decision follows the company's failure to address multiple compliance issues as stipulated by the PSX Regulations.

According to the report dated September 11, 2026, Dewan Mushtaq Textile Mills Limited has not removed the causes leading to the trading halt. The company has not resumed commercial production or business operations in its principal line of business. Furthermore, it has failed to conduct its Annual General Meetings, submit its annual audited financial statements, and pay the dues owed to the Exchange. The audit report also contained an Adverse Opinion, contributing to the extended suspension.

According to information available from the Pakistan Stock Exchange (PSX), these regulatory breaches are in direct violation of Clauses 5.11.1. (a)(b)(c)(d)(g) of the PSX Regulations. The PSX's decision to extend the suspension is grounded in its authority under Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations.

Market participants observing the textile sector, categorized under the designated market category, will have to wait until the company rectifies these issues or until the end of the newly imposed 60-day suspension period to witness any resumption in trading activities.