NETSOL Technologies Announces Share Buyback Plan of Up to 4 Million Shares
NETSOL Technologies Limited has announced a proposed share buyback plan involving the purchase of up to 4 million ordinary shares, representing approximately 4.45% of the company’s current issued and paid-up capital. The proposal was approved by the company’s Board of Directors at a meeting held on October 30, 2026, and will be presented to shareholders for approval.
According to the material information submitted to the Pakistan Stock Exchange (PSX), the proposed buyback will be conducted under Section 88 of the Companies Act, 2017, and the Listed Companies (Buy-Back of Shares) Regulations, 2019.
Share Buyback to Support Treasury Shares
The company stated that the primary purpose of the proposed transaction is to acquire its own shares for treasury purposes. NETSOL intends to purchase the shares at prevailing market prices during the designated buyback period, subject to the applicable regulatory requirements.
The proposed purchase period will begin on December 11, 2026, and continue until June 1, 2027, or until the completion of the purchase, whichever occurs earlier.
Buyback to Be Funded Through Distributable Profits
NETSOL Technologies has disclosed that the share buyback will be financed through the company’s distributable profits in accordance with Section 88(8) of the Companies Act, 2017.
Since the purchases will be made at prevailing market prices, the actual number of shares acquired and the total amount spent will depend on market conditions and the prices available during the buyback period.
Expected Impact on Financial Position
The company expects the proposed buyback to positively influence its financial position, particularly by potentially increasing its break-up value and earnings per share.
The initiative is also intended to provide shareholders with an opportunity to fully or partially liquidate their investments, including those who were unable to participate in the company’s previous buyback.
Extraordinary General Meeting Scheduled for December 3
To obtain shareholders’ approval, NETSOL’s Board of Directors has decided to convene an Extraordinary General Meeting (EOGM) on December 3, 2026, at 11:00 AM in Lahore.
The company’s share transfer book will remain closed from November 27 to December 3, 2026, both days inclusive. Transfers received by the company’s share registrar by the close of business on November 26, 2026, will be considered for determining shareholders entitled to attend and vote at the meeting.
Outlook
The proposed share buyback represents a significant corporate action by NETSOL Technologies, reflecting management’s intention to utilize available distributable profits while potentially improving key per-share financial indicators.
However, the proposal remains subject to shareholders’ approval and applicable regulatory requirements. Investors will be watching the upcoming EOGM and the implementation of the buyback programme for further developments.
