Karachi, The Pakistan Stock Exchange (PSX) has announced an extension of the trading suspension in shares of M/s. Zeal Pak Cement Factory Limited. This continuation is due to the company's ongoing non-compliance with multiple clauses of the PSX Regulations, specifically clauses 5.11.1.(c)(d)(e). These clauses pertain to the company's failure to hold its Annual General Meetings (AGMs), failure to submit annual audited accounts, and non-payment of dues to the Exchange. The initial suspension notice, PSX/N-94, was issued on January 30, 2024.

Given the company's lack of action in addressing the causes of suspension, PSX has opted to extend the suspension for an additional 60 days starting from March 31, 2024. This decision is in line 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. The continuation of the suspension serves as a measure to enforce compliance with the Exchange’s regulatory requirements.

The announcement is intended for the record and notifies all concerned parties of the prolonged suspension of trading in shares of Zeal Pak Cement Factory Limited.