SCL approves share buyback at Rs750/share

MG News | April 13, 2026 at 10:57 AM GMT+05:00

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April 13, 2026 (MLN): Shield Corporation Limited (PSX:SCL) has received formal acceptance from its majority shareholders and sponsors under Pakistan Stock Exchange (PSX) Regulation to proceed with the purchase of its ordinary shares.

The buyback will be executed at a price of Rs750 per share, as proposed by the PSX, which marks a significant step in the company’s share repurchase initiative.

The aforementioned information was disseminated through a notification to Exchange.

Earlier, SCL had applied for voluntary delisting from Pakistan Stock Exchange, citing persistently low trading activity in its shares with an average daily volume of around 923 shares over the past year.

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