Karachi: Kohat Cement Company Limited has officially cancelled 12 million ordinary shares following a buy-back initiative, according to an announcement made on April 18, 2025. The decision, rooted in a special resolution passed during the company's Annual General Meeting on October 15, 2024, aligns with Regulation 10(d) of the Listed Companies (Buy-Back of Shares) Regulations, 2019.

The buy-back process was publicly announced on October 16, 2024, and subsequently completed, as intimated to the Pakistan Stock Exchange (PSX) on April 11, 2025. According to information available from the Pakistan Stock Exchange (PSX), the cancellation of these shares has resulted in a revised paid-up capital for Kohat Cement Company Limited, which now stands at 183,861,297 ordinary shares, each valued at Rs. 10.

The Central Depository Company (CDC) confirmed the cancellation in a letter dated April 18, 2025, ensuring that the shares have been duly removed from the company's accounts. The revised figures have been communicated to the TRE Certificate Holders of the Exchange for their records.

This development follows the company's strategic move to repurchase its shares, as documented in the auditor's certificate accompanying the letter dated April 16, 2025. The cancellation of these securities reflects the company's efforts to manage its capital structure efficiently within the designated market category.