Karachi, January 27, 2026 – The Pakistan Stock Exchange (PSX) has recommended a minimum buyback price of Rs700 per share for Gillette Pakistan Limited as part of its proposed voluntary delisting from the exchange.
In an official statement, PSX said the voluntary delisting application submitted by Gillette Pakistan Limited (GLPL) was reviewed by the Exchange’s Voluntary Delisting Committee (VDC) during its meeting held on Tuesday. The committee conducted detailed deliberations with representatives of the company’s sponsors before reaching its decision.
After assessing all relevant factors and reviewing the case in line with applicable PSX regulations, the VDC determined that the minimum buyback price should be fixed at Rs700 per share. This price is significantly higher than the initial offer of Rs216.49 per share proposed by the sponsors, reflecting the committee’s assessment of fair value for minority shareholders.
Under PSX Regulation 5.14.7, the sponsors of Gillette Pakistan are required to formally communicate their acceptance or rejection of the exchange-determined buyback price within ten days. The delisting process will move forward only if the sponsors accept the revised price and the company fulfills all regulatory and procedural requirements set by the exchange.
PSX clarified that failure by the sponsors to respond within the stipulated timeframe will result in the automatic withdrawal of the voluntary delisting application. The decision is aimed at safeguarding investor interests and ensuring transparency in the delisting process.