JSE suspends another company over late financials

Medical Disposables & Supplies Limited (MDS) has become the latest company to have trading in its shares suspended by the Jamaica Stock Exchange (JSE), which continues to see more firms reporting their annual financials late.

MDS was suspended effective September 1 until it submits its March 2026 audited financial statements, which were due on May 30. The JSE gives a 90-day grace period to companies with late financial submissions before trading in their securities is suspended.

MDS updated the market on Tuesday, stating: “The delay continues to stem from the unforeseen IT occurrence disclosed in May 2026, which disrupted the company’s accounting records. The restoration and independent validation of the affected historical financial records have proven to be taking more time than originally anticipated.”