Shield Corporation shareholders approve buyback at Rs750 per share

The majority shareholders and sponsors of Shield Corporation Limited have approved the purchase of ordinary shares at a proposed buyback price of Rs750 per share under Pakistan Stock Exchange (PSX) Regulation 5.14.7, the company said in a stock filing on Monday. 

The acceptance has been conveyed in response to a communication dated April 10, 2026, allowing the company to proceed with the buyback at the stated price.

The development is linked to the company’s earlier decision to delist from the PSX under Regulation 5.14 of the PSX Rule Book. 

In a notice on February 2, 2026, the company had submitted a formal application under Regulation 5.14.3, requesting approval for voluntary delisting and purchase of shares from minority shareholders.

The company had cited low liquidity, with an average daily trading volume of around 923 shares over the past year, losses over the last two financial years, and no dividend payments since 2021 as reasons for delisting.

Sponsors had proposed to purchase 209,598 ordinary shares, representing 5.37% of the paid-up capital, from minority shareholders at a price of Rs465.17 per share, in line with regulatory requirements, with Arif Habib Limited appointed as the purchase agent.

The latest acceptance at Rs750 per share marks progress in the buyback process under the delisting framework.