Karachi March 4 2022: Pakistan Stock Exchange will keep M/s. Dadabhoy Cement Industries Limited in the defaulter segment as per notice published by the exchange.
The company has not so far removed the causes of suspension of trading in its shares relating to non-compliance of the PSX Regulations related to suspended commercial production / business operations in its principle line of business, CDS eligibility has been suspended by the CDC, adverse opinion in the audit report and Order has been issued by SECP authorizing the Registrar to present a petition for Winding-up of the company.
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PSX has decided that trading in the shares of the Company shall remain suspended until such time the cause(s) of suspension have been rectified or another period of 60 days effective from March 07, 2022.
Dadabhoy Sack Limited is engaged in the manufacturing and selling of cement. It is a part of the Dadabhoy Group of Companies.