Karachi: Cherat Cement Company Limited has announced a public buy-back of shares, according to a report released on June 11, 2026. The move is in compliance with Regulation 10(f) of the Listed Companies (Buy-Back of Shares) Regulations, 2019. The announcement was prominently published in the “Business Recorder” and “Nawa-i-Waqt” newspapers.
The company, which has its registered office in Village Lakrai, Nowshera, plans to buy back up to 7,771,800 shares, equivalent to 4% of its total outstanding shares. This buy-back will enable the company to cancel the purchased shares, thus potentially enhancing its earnings per share. The purchase will occur between June 12, 2026, and December 1, 2026, or until the completion of the buy-back.
According to information available from the Pakistan Stock Exchange (PSX), the share purchase will be executed at the spot price prevailing on the exchange at the time of transaction. Cherat Cement plans to utilize its distributable profits to finance the buy-back, adhering to Section 88(8) of the Companies Act, 2017.
The initiative serves as an opportunity for shareholders who wish to liquidate their investments, allowing them an exit strategy. The company has appointed Mr. Asim H. Akhund as the authorized officer to handle all queries related to this buy-back. He can be contacted at the company’s office on Beaumont Road in Karachi or via email.
This strategic financial maneuver is classified under the designated market category of the Pakistan Stock Exchange Limited. The buy-back is open to all valid shareholders, excluding those specified under Regulation 12(2) of the Buy-Back of Shares Regulations, even if their names are not currently on the members’ register.