PSX takes regulatory action against six listed companies, places two in Non-Compliant Segment

The Pakistan Stock Exchange is moving Chenab Limited (CHBL) and Waves Home Appliances (WAVESAPP) into its Non-Compliant Segment from October 22, after both failed to pay two years of listing fees and supervisory dues. They have until January 19, 2027, to settle the amounts, while the exchange says further measures could follow if they do not comply. The National Clearing Company of Pakistan has also barred their shares from specified financing facilities, with WAVESAPP additionally removed from the Margin Eligible Securities list.

The exchange has separately prolonged the trading suspension of SME Leasing for 60 days, citing unresolved reporting, meeting and payment breaches, as well as an adverse auditor opinion. It added fee-related breaches to the existing violations of SME Leasing, Sitara Peroxide and Bela Automotives, while Hira Textile faces possible suspension if it misses an October 28 compliance deadline. The actions fall under PSX Regulation 5.11, and paying outstanding fees alone will not return companies to regular trading if other violations remain.