Lahore: NETSOL Technologies Limited has announced an Extraordinary General Meeting (EOGM) scheduled for December 3, 2026, at 11:00 AM. The meeting will take place at the company's registered office located at NetSol IT Village, Lahore Cantt, and will also be accessible via video link upon request. The main agenda is to discuss a special business proposal concerning a buy-back of shares.

The company's board of directors has recommended the buy-back of up to 4,000,000 ordinary shares, each with a face value of Rs. 10. This buy-back will be conducted through the Pakistan Stock Exchange (PSX) at the spot price per share. This move is in compliance with Section 88 of the Companies Act, 2017, and the Listed Companies (Buy-Back of Shares) Regulations, 2019.

The purchased shares will be held as treasury shares. The buy-back period is set from December 11, 2026, to June 1, 2027, or until the buy-back is completed, whichever comes first. The Chief Executive Officer of the company, or an authorized person, will determine the daily quantum of shares to be purchased during this period.

The authorized individuals, including the Chief Executive Officer and the Company Secretary, are empowered to undertake necessary actions, including obtaining regulatory permissions, preparing documentation, engaging legal counsel, filing statutory forms, and executing necessary documents to facilitate the buy-back process.

According to information available from the Pakistan Stock Exchange (PSX), the buy-back initiative is part of Netsol Technologies’ strategic financial management to optimize shareholder value. The resolutions passed in the meeting will be binding and any amendments required by regulators will be incorporated without necessitating a new resolution.

The meeting will also address any amendments, modifications, or suggestions from regulators that may be deemed necessary during the buy-back process.