Lahore: An Extra-Ordinary General Meeting (EOGM) of NETSOL Technologies Limited is scheduled to take place on December 03, 2026, at the company's registered office in Lahore and via video-link. The meeting aims to discuss and potentially approve the buy-back of up to four million ordinary shares, each valued at Rs. 10, through the Pakistan Stock Exchange.

The company's board has recommended this buy-back under Section 88 of the Companies Act, 2017, and the Listed Companies (Buy-Back of Shares) Regulations, 2019. The buy-back initiative will be conducted at the spot price per share during the designated purchase period, which spans from December 11, 2026, to June 1, 2027. This initiative is intended to acquire shares that will subsequently be held as treasury shares.

According to information available from the Pakistan Stock Exchange (PSX), the buy-back process is contingent upon compliance with all relevant legal and regulatory requirements. The company's CEO, or an authorized representative, is empowered to determine the number of shares to be bought back daily within the specified period.

The authorized individuals, including the CEO and the Company Secretary, are tasked with ensuring all necessary actions are taken to facilitate the buy-back. This includes obtaining any required regulatory permissions, preparing and submitting necessary documents, and engaging legal counsel as needed.

The resolutions passed in the EOGM will also allow for any amendments that may be proposed by regulators to be incorporated into the plan without necessitating a new resolution. The actions taken by the authorized individuals under this mandate will be binding and recognized as official acts of the company.