PSX reports compliance update for KSTM

MG News | February 25, 2025 at 08:25 PM GMT+05:00

0:00

February 25, 2025 (MLN): The Pakistan Stock Exchange (PSX) has declared the rectification of non-compliance by Khalid Siraj Textile Mills Limited (KSTM) regarding its regulatory obligations.

KSTM was previously found non-compliant due to its failure to hold the Annual General Meeting (AGM) and transmit annual audited financial statements for the year ended June 30, 2024.

However, the company has now convened the overdue AGM and submitted its audited financial statements through PUCARS, resolving these issues, the notice issued by PSX revealed today.

Despite this rectification, KSTM will remain listed in the Non-Compliant Segment due to other outstanding regulatory non-compliances.

The company must address these matters before achieving full compliance.

The announcement was made by Hafiz Maqsood Munshi, Unit Head, Listed Companies Compliance - RAD, PSX.

The notice was also circulated to relevant stakeholders, including SECP officials, PSX executives, company registrars, financial institutions, and auditors.

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