Nishat Chunian to Buy Back 5 Crore Shares

Nishat (Chunian) Limited (PSX: NCL) has proposed buying back up to 21 percent of its issued and paid up shares, covering a maximum of 50.42 million ordinary shares, subject to shareholder approval.

Key points

• The proposed purchase period is scheduled to run from November 28, 2026, to May 19, 2027, or until the buyback is completed, whichever comes first.
• The company's board recommended the move on October 21, with a special resolution to be presented at an Extraordinary General Session scheduled for November 20, 2026.
• The proposal remains subject to shareholder approval at the November 20 extraordinary general session.
• Nishat Chunian remarked the buyback could improve earnings per share by reducing the number of outstanding shares.
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For context, the company's board recommended the move on October 21, with a special resolution to be presented at an Extraordinary General Session scheduled for November 20, 2026.

According to the company's disclosure to the Pakistan Stock Exchange, the proposed buyback would be conducted through the exchange at the prevailing market cost at the time of purchase. The shares have a face value of Rs. 10 each, and the firm intends to cancel the shares it acquires. New Auto Policy May Be Approved Today.

Meanwhile, the proposed purchase period is scheduled to run from November 28, 2026, to May 19, 2027, or until the buyback is completed, whichever comes first. The firm stated the purchase would be funded from distributable profits, in accordance with the Firms Act, 2017.

Nishat Chunian remarked the buyback could improve earnings per share by reducing the number of outstanding shares. It would additionally provide shareholders who want to liquidate their investments with an opportunity to exit.

For context, the proposal remains subject to shareholder approval at the November 20 extraordinary general session. The firm has not unveiled a separate fixed buyback cost, stating that purchases would take place at the market rate prevailing on the Pakistan Stock Exchange. Stay Connected with ProPakistani.

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In short, nishat Chunian to Buy Back 5 Crore Shares is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.