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Shield Corporation Limited has announced plans to voluntarily delist from the Pakistan Stock Exchange (PSX), following years of low trading activity, consecutive financial losses, and no dividend payouts since 2021. The company’s board has approved a buyback of all outstanding shares from minority shareholders, aiming for full ownership before delisting.
The decision comes after the company reported an average daily trading volume of just 923 shares over the past year. Management noted that delisting would simplify operations and allow a stronger focus on core business activities. Shield will formally apply to the PSX, with the buyback price determined according to PSX and SECP rules, and seek shareholder approval through a special resolution.
This move reflects a growing trend among Pakistani firms to restructure and optimize operations amid challenging market conditions, allowing companies to operate more flexibly outside the public market.
