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)

CompanyPSX SegmentSLB EligibilityMF EligibilityMSF EligibilityReason for Non-Compliance
Dewan Farooque Motors Ltd (DFML)Non-CompliantSuspendedSuspendedSuspendedAGM & Audited Accounts not submitted
Oilboy Energy Ltd (OBOY)Non-CompliantSuspendedSuspendedSuspendedAGM & Audited Accounts not submitted
Worldcall Telecom Ltd (WTL)Non-CompliantSuspendedSuspendedEligibleExcluded by NCCPL from SLB & MF


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