Shield Corporation Limited has moved a step closer to voluntary delisting from the Pakistan Stock Exchange after its majority shareholders and sponsors accepted the proposed buyback price of Rs. 750 per share.
In a formal communication dated April 13, 2026, the company informed PSX Chief Listing Officer Syed Ahmad Abbas that the sponsors had accepted the buyback offer under PSX Regulation 5.14.7 for the purchase of ordinary shares.
The letter stated that the acceptance relates to the exchange’s proposed buyback price as part of the company’s voluntary delisting process.
The development means minority shareholders are expected to be offered an exit at Rs. 750 per share, subject to completion of the regulatory process and further approvals required under PSX rules.
Pakistan Stock Exchange has seen several major companies exit the bourse in recent years, raising concerns over the shrinking listed universe. Notable names include Philip Morris (Pakistan) Limited, which was voluntarily delisted in October 2025, Gillette Pakistan Limited, which moved toward delisting as part of parent Procter & Gamble’s restructuring.
Pak Suzuki Motor Company Limited also delisted after a sponsor buyback, and Engro Corporation Limited, whose listed presence has also reduced through restructuring-related actions.
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