Buyback in play, mining in sight for CHCC

April 29, 2026 (MLN): Cherat Cement Company Limited (PSX: CHCC) is planning to buy back up to 4% of its shares while simultaneously venturing into the mining sector through a joint venture structure.

The Board of Directors has approved a proposal to buy back up to 4% of its paid-up capital, equivalent to 7.77 million shares (face value PKR 10 each).

The move, subject to shareholder approval at the Extraordinary General Meeting (EOGM) on June 9, 2026, signals management’s confidence in the company’s valuation while aiming to enhance shareholder returns.

On the expansion front, CHCC is looking beyond cement.

The Board has also recommended entry into the mining sector through a consortium-based joint venture structure. Under the plan, CHCC will partner with other participants with equal shareholding, committing an initial investment of up to PKR 500 million.

The company stated that detailed disclosures on partners and project structure will follow in due course.

In parallel, the Board has approved a potential investment of up to PKR 300 million in Cherat Packaging Limited over a two-year period, further strengthening its footprint within associated businesses.

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