The Pakistan Stock Exchange (PSX) has issued a Risk Warning Alert (RWA) against four listed companies for failing to pay the Annual Listing Fee (ALF) and the Securities and Exchange Commission of Pakistan (SECP) supervisory fee.
The affected companies include Amtex Limited (AMTEX), Ruby Textile Mills Limited (RUBY), Crescent Jute Products Limited (CJPL), and Dewan Textile Mills Limited (DWTM).
These companies have until April 21, 2025, to resolve their non-compliance under Clause 5.11.1.(d) of PSX regulations. Failure to meet this deadline may result in further action under Clause 5.11.3.(e), including a compulsory buy-back directive for major shareholders and sponsors.
Even if the companies address the specific non-compliance by the deadline, they will remain in the Non-Compliant Segment until they rectify all regulatory breaches.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
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Jurisdiction: Pakistan