PSX approves voluntary delisting of Gillette Pakistan from May 19

The Pakistan Stock Exchange (PSX) has approved the voluntary delisting of Gillette Pakistan Limited, with the company set to be removed from the exchange on Tuesday, May 19, 2026.

According to a notice issued by PSX on Monday, the delisting was approved under PSX Regulation 5.14 and Section 19(5) of the Securities Act, 2015.

The exchange said sponsors of the company had also submitted an undertaking to purchase remaining shares held by minority shareholders at ₨700 per share. The buyback offer will remain valid until May 10, 2027.

Arif Habib Limited has been appointed as the purchase agent for the transaction, with shareholders interested in tendering shares advised to contact the firm at its Karachi office.

According to the timeline disclosed by PSX, the initial buyback period remained open from March 12, 2026, to May 10, 2026, while voluntary delisting requirements were completed on May 14, 2026.

Gillette Pakistan’s delisting follows Procter & Gamble’s earlier decision to discontinue direct manufacturing and commercial operations in Pakistan as part of its global restructuring programme.

In October 2025, the multinational had announced plans to shift Pakistan operations to a distributor-led model under which products would continue to be imported and sold locally through third-party arrangements instead of direct operations.

On May 15, 2026, Colgate-Palmolive (Pakistan) Limited approved plans to negotiate and enter into an asset purchase agreement with Procter & Gamble (Pakistan) Limited for the acquisition of land, manufacturing facilities, and related assets located at Port Qasim, Karachi.

Colgate-Palmolive Pakistan stated that completion of the transaction would remain subject to execution of the asset purchase agreement, regulatory approvals and fulfilment of necessary formalities. 

However, the company did not disclose the financial value of the proposed acquisition or provide further operational details regarding the facility.