The Pakistan Stock Exchange has officially announced a sixty-day extension on the trading suspension of shares for both Dewan Mushtaq Textile Mills Limited and Pakistan Hotels Developers Limited. The directives, which went into effect on July 15, 2026, were issued as part of the exchange’s ongoing efforts to enforce regulatory discipline and maintain transparency in the domestic equity market. According to separate regulatory notifications published by the exchange, both listed companies have failed to meet standard market requirements, though their suspensions stem from different operational and administrative circumstances.
Dewan Mushtaq Textile Mills Limited remains suspended from active trading because the firm has yet to resolve a series of severe regulatory and operational issues that originally triggered the halt in its shares. The exchange noted that the company’s continuous violations involve multiple key clauses of the PSX Regulations. Specifically, Dewan Mushtaq Textile has completely suspended its core business and manufacturing operations, failed to hold its mandatory Annual General Meetings, and failed to submit its annual audited financial statements. Additionally, the company is dealing with unresolved dues owed to the exchange and has received an adverse audit opinion from its statutory auditors. The exchange clarified that the trading halt will continue until all identified deficiencies are fully corrected or until the newly extended sixty-day period expires.
In contrast, the extended trading suspension for Pakistan Hotels Developers Limited is tied to a voluntary corporate exit. The company is currently undergoing a formal, voluntary winding-up process following a special resolution passed by its shareholders to dissolve the business entity. The exchange has maintained the suspension on Pakistan Hotels Developers’ shares to facilitate this transition. This halt will remain in place until the company successfully completes the voluntary delisting process, handles the disbursement of remaining funds, and meets all outstanding legal and regulatory liquidation obligations, or until the end of the newly approved sixty-day extension.
The management of the exchange confirmed that both regulatory interventions were carried out under the statutory powers granted to the institution. Specifically, the decisions were taken in accordance with Sub-Section 7 of Section 19 of the Securities Act, 2015, read in conjunction with Clause 5.11 of the PSX Regulations, which governs the handling of non-compliant and transitioning listed entities. By enforcing these administrative suspensions, the national stock exchange aims to shield public investors from unnecessary trading risks associated with inactive or winding-up corporations while maintaining the general credibility of the public market.
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