ASX Warns Suspended Companies: Miss Deadlines and Face Removal from Official List

Overview of Long-Term Suspensions

On 22 January 2026, the Australian Securities Exchange (ASX) issued an updated list of entities that have been suspended from trading for more than three months. This routine disclosure serves as a critical reminder to investors and market participants about companies struggling to meet their reporting obligations or to resume active trading.

The list details each suspended entity’s outstanding periodic reports, including full year accounts, half yearly reports, and quarterly activities and cashflow statements. It also sets out two key deadlines, a one-year deadline for lodging the oldest outstanding report and a two-year deadline by which the entity must demonstrate plans to resume trading to the ASX’s satisfaction.

Implications for Suspended Entities

Entities that fail to meet either deadline face removal from the official ASX list, effectively delisting them from the exchange. This removal typically takes effect on the first trading day after the deadline, which could have significant consequences for shareholders and creditors. The ASX’s removal policy, outlined in Guidance Note 33, allows for limited extensions but stresses that reinstatement is not automatic, even if the suspension was initially requested by the entity.

The announcement underscores the importance for suspended companies to maintain transparent and regular communication with the market. ASX recommends at least quarterly disclosures to update shareholders on progress towards meeting listing requirements and resuming trading. This ongoing dialogue is crucial to maintaining investor confidence and potentially securing reinstatement.

Notable Entities and Deadlines

The list includes a broad range of companies across sectors, from mining and resources to technology and financial services. For example, Admiralty Resources NL (ASX, ADY) and Australian Pacific Coal Limited (ASX, AQC) have outstanding full year accounts due by 30 September 2025, with a one-year deadline for lodgement on 30 September 2026 and a two-year deadline for trading resumption on 1 October 2027.

Other companies, such as Audio Pixels Holdings Limited (ASX, AKP), face an earlier two-year deadline of 1 March 2026 to execute their trading resumption plans. Meanwhile, entities like Burgundy Diamond Mines Limited (ASX, BDM) have deadlines extending into late 2027, reflecting varying stages of compliance and recovery.

Market and Regulatory Context

This announcement highlights the ASX’s ongoing efforts to uphold market integrity by enforcing compliance with listing rules. Long-term suspensions can erode investor trust and liquidity, so the ASX’s firm stance on deadlines and removal serves as a deterrent against prolonged non-compliance.

For investors, this list is a valuable tool to assess risk exposure to suspended entities and to monitor developments that may affect share value or trading status. Analysts and market watchers will be particularly interested in companies approaching their deadlines or those that have recently engaged with the ASX regarding reinstatement plans.