Three companies face heavy blow over non-compliance
02-Dec-2025
MettisGlobal
December 2, 2025 (MLN): The regulatory noose tightened around Dewan Farooque Motors Limited (DFML) and Oilboy Energy Limited (OBOY) as the Pakistan Stock Exchange (PSX) both companies in the Non-Compliant Segment for failing to meet key financial deadlines
The National Clearing Company of Pakistan Limited (NCCPL) has these companies from participating in Securities Lending & Borrowing (SLB), Margin Financing (MF), and Murabaha Share Financing (MSF), effective today, December 2, 2025.
According to the PSX notice, both companies failed to hold their Annual General Meeting (AGM) and did not submit their Annual Audited Financial Statements for the year ended June 30, 2025
Worldcall Telecom Limited (WTL) has also been affected. While the PSX notice specifically mentioned DFML and OBOY, the NCCPL directive excluded from SLB and MF eligibility.
If these companies fail to hold their AGMs or file their accounts, PSX will issue a formal "Risk Warning Alert" to shareholders.
Persistent non-compliance for two consecutive years may lead to suspension of trading in these shares.
Shareholders are advised to exercise caution as these scrips face significant regulatory headwinds.
Regulatory Status of Selected Companies (as of Dec 2, 2025)
| Company | PSX Segment | SLB Eligibility | MF Eligibility | MSF Eligibility | Reason for Non-Compliance |
|---|---|---|---|---|---|
| Dewan Farooque Motors Ltd (DFML) | Non-Compliant | Suspended | Suspended | Suspended | AGM & Audited Accounts not submitted |
| Oilboy Energy Ltd (OBOY) | Non-Compliant | Suspended | Suspended | Suspended | AGM & Audited Accounts not submitted |
| Worldcall Telecom Ltd (WTL) | Non-Compliant | Suspended | Suspended | Eligible | Excluded by NCCPL from SLB & MF |
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