Nishat Chunian Limited has announced an Extraordinary General Meeting (EOGM) scheduled for November 20, 2026, to discuss significant business matters, including a proposed buy-back of shares.
- EOGM to be held on November 20, 2026, at 11:00 A.M.
- Venue: Registered office, 31-Q Gulberg - II, Lahore, with a video link option for remote attendance.
- Agenda includes confirmation of previous AGM minutes and a special resolution for a buy-back of up to 50,424,996 shares (21% of total issued shares) at the prevailing market price.
- Share Transfer Books will be closed from November 13 to November 20, 2026, for voting entitlement.
- The buy-back is expected to enhance earnings per share and provide liquidity to shareholders wishing to exit their investments.
- The purchase period for the buy-back is set from November 28, 2026, to May 19, 2027.
- The company has sufficient funds for the buy-back, with distributable profits reported at PKR 21,658.12M as of September 30, 2026.