KARACHI STOCK EXCHANGE LIMITED
List of Companies in which Trading is Suspended along with Reasons for Suspension
S. No. Name of Suspended Company / Security Effective Date of Suspension Reasons for Suspension
1 Dost Steels Limited January 30, 2015 Official Liquidator has been appointed by the Hon’ble High Court of Sindh and failed to fulfill the requirements of clause 5.11.1.(a) of KSE Regulations i.e. failed to commence commercial production within three years from the date of formal listing.
2 Bank AL Habib Limited (TFC2) January 23, 2015 Final Redemption
3 National Saving Bonds(5 years Maturity) January 20, 2015 Final Redemption
4 (Colony) Thal Textile Mills Limited December 08, 2014 Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations and failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee.
5 Dawood Capital Management Limited December 08, 2014 Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations.
6 Dewan Automotive Engineering Limited December 08, 2014 Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations and failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee.
7 Engro Fertilizers Limited (TFC-2) November 14, 2014 Final Redemption
8 Moonlite (Pakistan) Limited March 17, 2014 Has gone into Voluntary Winding-up
9 Gulistan Textile Mills Limited January 6, 2014 Official Liquidator has been appointed by the Hon’ble High Court of Sindh and failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange.
10 Metropolitan Steel Corporation Limited December 9, 2013 Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations and failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee.
11 Transmission Engineering Industries Limited December 9, 2013 Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations.
12 Husein Industries Limited December 9, 2013 Non-Holding of Annual General Meeting
13 S. G. Fibre Limited April 11, 2013 Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee
14 Pak Leather Crafts Limited April 11, 2013 Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee
15 First Dawood Mutual Fund March 26, 2013 Directive received from SECP.
16 Fateh Textile Mills Limited March 7, 2013 Winding-up proceedings have been initialed.
17 (Colony) Sarhad Textile Mills Limited August 1, 2012 Failed to fulfill the requirements of clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
18 Annoor Textile Mills Limited August 1, 2012 Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) i.e. induction of Ordinary Shares into CDC.
19 Bela Automotives Limited August 1, 2012 Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and failed to fulfill the requirements of clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
20 Dadabhoy Construction Technology Limited August 1, 2012 Failed to fulfill the requirements of clause 5.11.1.(e) i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
21 Hamid Textile Mills Limited August 1, 2012 Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
22 Khurshid Spinning Mills Limited August 1, 2012 Failed to fulfill the requirements of clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
23 Mehr Dastgir Textile Mills Limited August 1, 2012 Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
24 Morafco Industries Limited August 1, 2012 Failed to fulfill the requirements of clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
25 Saleem Denim Industries Limited August 1, 2012 Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
26 Service Fabrics Limited August 1, 2012 Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
27 Taj Textile Mills Limited August 1, 2012 Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
28 Globe Textile Mills Limited August 1, 2012 Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange and failed to fulfill the requirements of clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
29 Data Textiles Limited August 1, 2012 Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange.
30 Genertech Pakistan Limited August 1, 2012 Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange.
31 Hajra Textile Mills Limited August 1, 2012 Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange.
32 Saleem Sugar Mills Limited(Ordinary & Preference Shares) May 2, 2012 Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations, failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
33 Fatima Enterprises Limited March 21, 2012 Failed to induct Ordinary Shares of the Company into CDS of the Central Depository Company of Pakistan Limited under clause 5.11.1.(g) of KSE Regulations
34 Globe Textile Mills (OE) Limited March 21, 2012 Failed to induct Ordinary Shares of the Company into CDS of the Central Depository Company of Pakistan Limited under clause 5.11.1.(g) of KSE Regulations
35 Ishtiaq Textile Mills Limited March 21, 2012 Failed to induct Ordinary Shares of the Company into CDS of the Central Depository Company of Pakistan Limited under clause 5.11.1.(g) of KSE Regulations
36 Javed Omar Vohra & Company Limited March 1, 2012 Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations and failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee.
37 First Constellation Modaraba February 24, 2012 Has gone into voluntary winding up and appointment of Liquidator
38 Al-Azhar Textile Mills Limited February 16, 2012 Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange.
39 Al-Qaim Textile Mills Limited February 16, 2012 Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations, failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
40 Hashimi Can Company Limited February 16, 2012 Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations, failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
41 Zahur Cotton Mills Limited February 16, 2012 Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
42 Security Leasing Corporation (Pref. Shares) 19-08-2011 Final Redemption
43 Extraction (Pakistan) Limited August 16, 2010 Directive received from SECP. Mr. Abid Tirmizi has been appointed as Official Liquidator.
44 Medi Glass Limited August 16, 2010 Directive received from SECP. Mr. Adil Nisar Khan appointed as Official Liquidator.
45 Mineral Grinding Mills Limited August 16, 2010 Directive received from SECP. On December 31, 2003 an order was passed by the Commissioner (CLD) to initiate winding-up proceedings against the company as the company has not held its AGMs since 1999 and has also suspended its business for more than four years. The Honourable High Court of Sindh has appointed Official Liquidator to sell out the asset of the Company.
46 Abson Industries Limited August 16, 2010 Directive received from SECP. Liquidator appointed on 30-5-2000.
47 Prudential Stocks Fund Limited August 16, 2010 Directive received from SECP. An order for winding up of the company was issued on May 20, 2008. Winding up order was challenged by the company, petition pending in Court for decision.
48 Quality Steel Works Limited August 16, 2010 Directive received from SECP. Beside imposing penalty of around 3 million, under Section 158, 171 and 245, Winding up Order has also been passed by the Commission and petition for winding up the Company is filed in the Sindh High Court.
49 English Leasing Limited August 16, 2010 Directive received from SECP. Winding-up Petition filed in May 2008.
50 Sunshine Cotton Mills Limited August 16, 2010 Directive received from SECP. The company filed winding up petition in the Lahore High Court which is pending for further proceedings.
51 Sadoon Textile Industries Limited August 16, 2010 Directive received from SECP. Under winding up, Petition filed.
52 Hakkim Textile Mills Limited August 16, 2010 Directive received from SECP. Winding up petition filed.
53 Suraj Ghee Industries Limited August 16, 2010 Directive received from SECP. GCP filed a creditors liquidation petition (C.O. No.121/94) in the Lahore High Court. The liquidation proceedings are under process.
54 Hallmark Insurance Company Ltd. August 16, 2010 Directive received from SECP. Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
55 Prudential Discount & Guarantee House Limited August 16, 2010 Directive received from SECP. Winding up Petition was filed in 2002. Presently the winding up petition of the company is pending adjudication before the Honorable Islamabad High Court.
56 Pakistan Guarantee Insurance Company Ltd. March 16, 2010 Directive received from SECP. SECP had initiated winding-up proceedings against the company in the court of law on account of non-compliance of various provisions of the Insurance Ordinance, 2000 and the Companies Ordinance, 1984.
57 Azgard Nine (Preference Shares) November 20, 2009 On account of consolidation / clubbing and conversion of cumulative preference shares into ordinary shares.
58 Usman Textile Mills Limited November 17, 2009 On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC.
59 First Investec Modaraba November 17, 2009 On account of revocation of CDS eligibility of the Certificates of the Modaraba by the CDC.
60 Investec Securities Limited November 17, 2009 On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC. The company has committed further default under clause 5.11.1.(e) of KSE Regulations i.e. non-payment of outstanding Annual Listing Fee of the Exchange.
61 Al-Mal Securities & Services Limited November 17, 2009 On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC.
62 Investec Mutual Fund Limited October 26, 2009 On account of revocation of CDS eligibility of the certificates of the Fund by the CDC.
63 Dominion Stock Fund Limited October 26, 2009 On account of revocation of CDS eligibility of the certificates of the Fund by the CDC.
64 Nazir Cotton Mills Limited October 26, 2009 On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC.
65 Nina Industries Limited October 26, 2009 On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC.
66 Dadabhoy Sack Limited October 26, 2009 On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC.
67 Pakistan Industrial & Commercial Leasing Limited October 26, 2009 On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC.
68 Noor Silk Mills Limited August 11, 2009 Directive received from SECP. SECP during the inspection noted the serious observations / irregularities / violations of law by Company including fraud committed by Director, concealment of company’s income, non maintenance of proper books of accounts, non compliance with the directions of SECP etc. Therefore SECP in process of initiating winding-up proceedings against the company.
69 Zeal Pak Cement Factory Limited July 13, 2009 Restriction on movement of shares by the Honourable High Court of Sindh.
70 National Asset Leasing Corp Limited March 24, 2009 On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC. Appointment of Official Liquidator.
71 Progressive Insurance Company Limited January 30, 2009 Directive received from SECP. The company is non-compliant with various provisions of Insurance Ordinance, 2000.
72 Prudential Investment Bank Limited September 5, 2008 On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC.
73 Adil Textile Mills Limited March 31, 2008 On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC.
74 Business & Industrial Insurance March 5, 2008 Directive received from SECP. The company has failed to comply with various provisions of the Insurance Ordinance, 2000 and the Companies Ordinance, 1984.
75 Beema Pakistan Company Limited May 3, 2007 Directive received from SECP. The company had issued further share capital amounting to Rs.425.897 other than right issue without prior approval of SECP, which is violation of Section 86(1) of the Companies Ordinance, 1984 and the requirements of Rule 8 of the Capital Issue Rules, 1996 (condition i & iv) were also not complied with.
76 Caravan East Fabrics Limited September 15, 2006 On account of Members’ voluntary winding-up of the company.
77 Regal Ceramics Limited July 18, 2005 Committed various defaults including Winding up through Court order on petition filed by the SECP.
78 Azmat Textile Mills Limited July 18, 2005 Committed various defaults including Winding up through Court order on petition filed by the SECP.
79 Kaiser Arts and Kraft Limited July 18, 2005 Committed various defaults including Winding up through Court order on petition filed by the SECP.
80 Schon Textiles Limited May 9, 2005 On account of liquidation of the Company through Court Order
81 Cass Pak Industries Limited July 23, 2002 Committed various defaults including gone into liquidation
82 Pan Islamic Steamship Company Limited July 23, 2002 Committed various defaults including gone into liquidation
83 National Fibers Limited August 13, 2001 On account of liquidation of the Company through Court Order
84 Standard Insurance Company Limited July 16, 2001 Committed various defaults under clause 5.11.1. of KSE Regulations
85 Ayaz Textile Mills Limited July 16, 2001 Committed various defaults under clause 5.11.1. of KSE Regulations
86 Mohib Exports Limited July 16, 2001 Having gone into liquidation and committed various defaults under clause 5.11.1. of KSE Regulations
87 Karim Cotton Mills Limited October 2, 2000 Directive received from SECP. Failed to fulfill the requirements of clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.
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