Karachi: Trading in the shares of M/s. Huffaz Seamless Pipe Industries Limited remains suspended following the company's failure to address compliance issues, as outlined by the Pakistan Stock Exchange (PSX). This action extends a previous suspension notice issued on May 16, 2025, under PSX Notice No. PSX/N-510.

The suspension is due to the company's ongoing non-compliance with several key requirements. Specifically, Huffaz Seamless Pipe Industries Limited has not held its Annual General Meetings, failed to submit its annual audited accounts, and has outstanding dues to the Exchange. These issues are in violation of clauses 5.11.1.(b)(c)(d) 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 for an additional 60-day period starting July 16, 2025. This decision is enforced under the authority of Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations.

The market category concerning Huffaz Seamless Pipe Industries Limited is affected by this suspension, impacting stakeholders and trading activities associated with the company. The resolution of the compliance issues remains critical for the resumption of trading activities.