JS Infocom Approves Buy-Back of Up to 60 Million Shares

The board of directors of JS Infocom Limited, a wholly owned subsidiary of Jahangir Siddiqui & Co. Ltd., has approved a plan to buy back up to 60 million fully paid-up ordinary shares at a maximum price of Rs. 10 per share. The decision was made at a board meeting held on October 28, 2025, according to a notice sent to the Pakistan Stock Exchange (PSX). The buy-back, subject to compliance with all applicable laws and approval by the company’s members through a special resolution, aims to rebalance and optimally reorganize the company’s balance sheet. The shares will be purchased in cash from the company’s available distributable profits. Once acquired, the shares will be cancelled, resulting in a reduction of JS Infocom’s issued share capital by the aggregate nominal value of the cancelled shares. The company secretary, Muhammad Babar Din, confirmed the development in a formal communication to the PSX and the Securities and Exchange Commission of Pakistan (SECP). This move is in line with Section 88 of the Companies Act, 2017, and Chapter IX of the Companies Regulations, 2024, which govern share buy-backs in Pakistan.