Shield Corporation Limited has formally applied for voluntary delisting from the Pakistan Stock Exchange (PSX), citing persistently low share liquidity, consecutive financial losses, and the need to streamline operations as key reasons for its decision.
In a notice to the PSX dated January 2, 2026, the company’s board of directors outlined several factors behind the move. Shield Corporation noted that the average daily trading volume of its shares has remained significantly low, with only about 923 shares traded per day over the past year.
The company has also incurred losses in each of the last two financial years, and no dividends have been paid to shareholders since 2021.
Management stated that delisting would help reduce operational complexity and allow the company to focus more effectively on its core business activities.
To facilitate a fair exit for minority shareholders, Shield’s sponsors have proposed to purchase 209,598 ordinary shares, representing 5.37% of the company’s paid-up capital, at a price of Rs. 465.17 per share. Arif Habib Limited has been appointed as the purchase agent for the transaction.
The company emphasized that the proposed delisting and share purchase plan are in the best interest of minority shareholders, providing them with an opportunity to exit at a fair price.
Shield Corporation, a public limited company listed on the PSX, has an authorized share capital of Rs. 150 million and is headquartered in Karachi. The company’s application is now pending regulatory approval.
The Company started its commercial production on 26 November 1975 and is mainly engaged in the manufacturing, trading and sales of oral care and baby care products.