Karachi: In a significant development for Shield Corporation Limited, the company’s sponsors and majority shareholders have announced their decision to acquire all outstanding shares from minority shareholders, moving towards delisting the company from the Pakistan Stock Exchange. This decision was formalized through a special resolution passed at an Extraordinary General Meeting held on May 11, 2026. The resolution marks a pivotal step in the company’s strategic realignment.
According to information available from the Pakistan Stock Exchange (PSX), the sponsors and majority shareholders have set the purchase price at Rs. 750 per share. The share buyback offer, which has received approval from the Pakistan Stock Exchange Limited in line with its regulations, is open from May 18, 2026, until July 16, 2026. Following the completion of this period, Shield Corporation Limited plans to proceed with delisting from the exchange.
The offer extends to all shareholders of Shield Corporation Limited, encompassing those holding physical share certificates and those with shares in book-entry form within the Central Depository System of the Central Depository Company of Pakistan Limited (CDC). Shareholders wishing to participate in the offer must submit the necessary documentation to the authorized Purchase Agent, Arif Habib Limited, located in Karachi.
For those holding physical shares, the submission process involves presenting share certificates with verified transfer deeds. Shareholders with open transfer deeds must additionally provide a copy of the Computerized National Identity Card. Upon document verification, Arif Habib Limited will issue a receipt, and payments will be processed within three weeks of receipt issuance.
For shares held through the CDC, the purchase will occur via the Pakistan Stock Exchange’s trading system, with payments made according to the exchange’s Clearing Schedule. This development represents a significant move within the designated market category of Shield Corporation Limited, as the company transitions from public to private ownership.