Stock Market Alert: PSX Cautions Against 4 Listed Firms

The Pakistan Stock Exchange (PSX) has raised concerns over four publicly listed companies for failing to meet financial obligations, issuing a Risk Warning Alert (RWA) due to unpaid fees.

Companies Facing Regulatory Action

The companies in question are:

• Amtex Limited (AMTEX)
• Ruby Textile Mills Limited (RUBY)
• Crescent Jute Products Limited (CJPL)
• Dewan Textile Mills Limited (DWTM)

These firms have not paid their Annual Listing Fee (ALF) and the Securities and Exchange Commission of Pakistan (SECP) supervisory fee, leading to the regulatory warning.

PSX has given the companies until April 21, 2025, to settle their outstanding dues under Clause 5.11.1. (d) of PSX regulations. If they fail to comply, further action may be taken under Clause 5.11.3. (e), which could include compulsory buy-back directives for major shareholders and sponsors.

Even if these companies address the immediate financial non-compliance, they will remain in the Non-Compliant Segment (NCS) until all regulatory violations are fully resolved.

This move by PSX serves as a warning to investors, urging caution when dealing with these companies while they remain under regulatory scrutiny.