DMTX requests PSX to remove its name from Defaulter Segment

MG News | July 04, 2023 at 12:33 PM GMT+05:00

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July 04, 2023 (MLN): D.M. Textile Mills Limited (PSX: DMTX) has requested PSX to remove its name from Defaulter Segment, the company’s filing on PSX revealed today.

“As you are aware the economic and political situation has further deteriorated. We are continuously trying our level best to utilize the available resources,” the notice reads.

The notice further highlights that the company has been able to pay off its entire long-term liabilities of the banks, and it has a meager income to meet day-to-day expenses.

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