JS Infocom Limited, a wholly owned subsidiary of Jahangir Siddiqui & Co. Ltd., has announced the approval of a major share buy-back program involving up to 60 million fully paid-up ordinary shares at a maximum price of Rs. 10 per share. The decision was finalized at a board meeting held on October 28, 2025, and was formally disclosed through a notice submitted to the Pakistan Stock Exchange (PSX).
According to the company, the share repurchase plan is designed to optimize capital allocation and enhance overall shareholder value by rebalancing the company’s balance sheet. The proposed buy-back will be financed entirely through JS Infocom’s distributable profits, ensuring that the transaction does not rely on additional borrowing or external funding. Once completed, the purchased shares will be cancelled, reducing the company’s issued share capital by the aggregate nominal value of the cancelled stock.
The management noted that this move reflects JS Infocom’s strategic focus on maintaining financial stability and delivering sustainable value to shareholders. By repurchasing its own shares, the company aims to adjust its capital structure and improve key financial ratios, including earnings per share (EPS) and return on equity (ROE). Such initiatives are often considered positive signals for investors, reflecting confidence in the company’s future prospects and underlying financial strength.
Muhammad Babar Din, Company Secretary of JS Infocom, confirmed the development in official communication to both the Pakistan Stock Exchange (PSX) and the Securities and Exchange Commission of Pakistan (SECP). The notification outlined that the buy-back will proceed following the necessary legal and regulatory approvals, as well as shareholder consent through a special resolution in accordance with the Companies Act, 2017, and the Companies Regulations, 2024.
The announcement marks a significant step for JS Infocom, particularly at a time when several listed companies in Pakistan are increasingly using share repurchases as a tool to manage surplus cash and reinforce investor confidence. Market analysts note that buy-back programs often indicate that a company believes its shares are undervalued, creating an opportunity to consolidate value and enhance long-term financial efficiency.
JS Infocom, operating under the larger umbrella of Jahangir Siddiqui & Co. Ltd., has remained active in technology, communication, and investment ventures, contributing to the group’s diversified financial and digital portfolio. The decision to initiate a share buy-back is expected to positively influence market sentiment and highlight the group’s commitment to maintaining a robust and investor-friendly capital management approach.
Once executed, the cancellation of the repurchased shares will effectively reduce the total number of shares in circulation, thereby improving shareholder ownership proportion and potentially boosting the stock’s market performance. The initiative also aligns with global corporate governance practices, where buy-backs are commonly used to return value to shareholders without altering dividend policies.
JS Infocom’s management reiterated that the buy-back plan is in full compliance with Section 88 of the Companies Act, 2017, and Chapter IX of the Companies Regulations, 2024, which govern share repurchases in Pakistan. The company emphasized its adherence to transparency and regulatory standards throughout the process.
Follow the PakBanker Whatsapp Channel for updated across Pakistan’s banking ecosystem.