PSX moves Zuma Resources to normal counter after compliance rectification

The Pakistan Stock Exchange (PSX) has shifted Zuma Resources Limited, formerly Bilal Fibres Limited, from the non-compliant segment to the normal counter after the company addressed regulatory deficiencies and resumed operational activities.

In a notice issued to market participants, the exchange stated that the change will take effect from March 13, 2026.

According to the PSX, the company had previously been placed in the non-compliant segment due to violations of regulatory requirements, including failure to hold an annual general meeting, non-transmission of audited financial statements and the issuance of a disclaimer of opinion by the auditor.

The exchange said the company has since rectified the issues that led to its placement in the non-compliant category.

Zuma Resources informed the exchange that it has resumed commercial operations under its newly adopted principal line of business as registered in its amended memorandum of association with the Securities and Exchange Commission of Pakistan.

The company has also cleared its outstanding dues, while its auditor confirmed compliance with the required regulatory conditions.

Following these developments, the exchange announced that the company’s shares will be traded on the normal counter from March 13.