Pakistan Stock Exchange has suspended trading in the shares of seven companies for breaching regulations.
The main bourse said it has decided that trading in the shares of the companies shall remain suspended until such time the cause(s) of suspension have been rectified or another period of 60 days effective from August 08, 2024.
| No. | Company | Default(s) of PSX Regulations | Reason(s) of Suspension |
| 1 | M/s. Regal Ceramics Limited | 5.11.1.(b)(c)(d)(e), 5.11.2.(b)(c) | Failed to hold the Annual General Meetings, failed to submit its Annual audited accounts, non payment of dues of the Exchange, non-induction of its ordinary shares into CDS, Winding-up petition has been filed by SECP and Appointment of official liquidator. |
| 2 | M/s. Azmat Textile Mills Limited | 5.11.1.(b)(c)(d)(e)
5.11.2.(b) |
Failed to hold the Annual General Meetings, failed to submit its Annual audited accounts, non payment of dues of the Exchange, non-induction of its ordinary shares into CDS and Appointment of official liquidator. |
| 3 | M/s. Kaiser Arts & Krafts Limited | 5.11.1.(b)(c)(d)(e) 5.11.2.(b) |
Failed to hold the Annual General Meetings, failed to submit its Annual audited accounts, non payment of dues of the Exchange, non-induction of its ordinary shares into CDS and Appointment of official liquidator. |
| 4 | M/s. Pakistan Industrial & Commercial Leasing Ltd. | 5.11.1.(b)(c)(d)(e) | Failed to hold the Annual General Meetings, failed to submit its Annual audited accounts, non payment of dues of the Exchange and non-induction of its ordinary shares into CDS. |
| 5 | M/s. Dadabhoy Sack Limited | 5.11.1.(a)(e) | Suspension of commercial production in principle line of business, non-induction of its ordinary shares into CDS. |
| 6 | M/s. Nina Industries Limited | 5.11.1.(b)(c)(d)(e)
5.11.2.(a) |
Failed to hold the Annual General Meetings, failed to submit its Annual audited accounts, non payment of dues of the Exchange, non-induction of its ordinary shares into CDS and issuance of order by SECP for filling of Winding-up petition. |
| 7 | M/s. Investec Mutual Fund Limited | 5.11.1.(b)(c)(d)(e)
5.11.2.(b) |
Failed to hold the Annual General Meetings, failed to submit its Annual audited accounts, Non payment of dues of the Exchange, non-induction of its ordinary shares into CDS and winding-up petition has been filed by SECP. |
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