Karachi: The Pakistan Stock Exchange (PSX) has announced the continued suspension of trading in the shares of M/s. Haji Mohammad Ismail Mills Limited due to unresolved regulatory issues. This decision follows a previous PSX notice dated May 2, 2025, addressing the company's non-compliance with several key regulatory clauses.
As of July 1, 2025, the company has not addressed the causes leading to the suspension of trading, which include the halting of commercial production in its primary line of business, failure to settle dues with the exchange, a negative audit report, and a winding-up petition filed by the Securities and Exchange Commission of Pakistan (SECP) in court. Consequently, trading in the company's shares will remain suspended until these issues are resolved or for an additional 60 days starting July 2, 2025.
According to information available from the Pakistan Stock Exchange (PSX), the decision is grounded in the authority granted to the exchange under Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations. This measure underscores the exchange's commitment to maintaining regulatory compliance within the designated market category.