Lahore: NETSOL Technologies Limited has announced the completion of its share buyback program, marking the closure of the purchase period as of June 29, 2025. This development follows the approval granted by the company's members during an Extraordinary General Meeting held on December 31, 2024.

During the designated purchase period, NETSOL Technologies acquired a total of 2,690,251 ordinary shares, constituting approximately 2.99% of its issued and paid-up capital. The buyback was conducted in compliance with Regulation 10(g) of the Listed Companies (Buy-Back of Shares) Regulations, 2019. This regulation outlines the procedural requirements for companies listed on the Pakistan Stock Exchange (PSX) seeking to repurchase their shares.

According to information available from the Pakistan Stock Exchange (PSX), the transaction aligns with the regulatory framework established to guide the buyback of shares by listed companies. The purpose of such buybacks typically includes optimizing capital structure, enhancing shareholder value, or utilizing surplus cash.

The initial public announcement regarding the buyback was published in the Business Recorder and Daily Ausaf on January 2, 2025. These publications provided details about the program's objectives and its regulatory compliance, thereby keeping shareholders and the investing public informed.

NETSOL Technologies' successful completion of the buyback program reflects its strategic decision to recalibrate its capital distribution. The acquisition of shares represents a Big move in the context of its overall share capital, potentially impacting the company's stock value and market perception.