Engro Holdings plans buyback of 45m shares

March 30, 2026 (MLN): Engro Holdings Limited (PSX: ENGROH) is set to initiate a share buyback of up to 45 million ordinary shares, reflecting a strategic move to enhance shareholder returns and streamline its capital structure.

In a notice submitted to the Pakistan Stock Exchange, the company stated that its Board of Directors, in a meeting held on March 27, 2026, approved a proposal to recommend the buyback to shareholders for final approval through a special resolution.

The proposed buyback constitutes around 3.73% of the company’s total outstanding shares and will be carried out through the stock exchange at prevailing market prices.

The buyback window is scheduled from May 7, 2026, to October 25, 2026, or until completion, whichever comes earlier.

The company intends to cancel the repurchased shares, a move expected to improve cash flow per share while also providing an exit opportunity to investors seeking to liquidate their holdings.

The transaction will be funded through distributable profits in compliance with the Companies Act, 2017.

Approval from shareholders will be sought at the Annual General Meeting (AGM) scheduled for April 28, 2026, in Karachi.

The share transfer books will remain closed from April 21 to April 28 to determine shareholder eligibility for voting.

The development is likely to be viewed positively by investors, as it reflects management’s confidence in the company’s financial position and long-term outlook.

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