Shield Corporation moves to exit PSX

January 02, 2026 (MLN): Shield Corporation Limited has 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.

The company has also incurred losses during the last two financial years and has not paid dividends to shareholders since 2021.

The company believes that delisting will reduce operational complexity and allow management to focus more effectively on its core business activities.

The company is a public limited entity listed on the exchange, with its registered office, Karachi. Shield Corporation has an authorized share capital of Rs150m, divided into 15m ordinary shares of Rs10 each.

Out of these, 3.9m ordinary shares with an aggregate nominal value of Rs39m are issued and fully paid up, and the shares are eligible for the central depository system of the Central Depository Company of Pakistan.

The company has highlighted that prolonged low liquidity in its shares has limited investor interest, while consecutive losses and the lack of dividends since 2021 have further impacted shareholder returns.

Management is of the view that continuing as a listed entity no longer offers sufficient benefits under the prevailing circumstances.

To provide minority shareholders with an exit opportunity, the sponsors have proposed to purchase 209,598 ordinary shares, representing 5.37% of the company’s paid-up share capital, at a price of Rs465.17 per share.

Arif Habib Limited has been appointed as the purchase agent to facilitate the acquisition of shares from minority shareholders.

The aforementioned information was disseminated through a notification to Exchange.

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