Nishat Chunian Ltd.PSX: NCL

Financial Results for the Quarter Ended September 30, 2026

Oct 21, 2026 at 4:33 AM EDT · Issued by Nishat Chunian Ltd.

Summary by 6ix AI

Nishat (Chunian) Limited reported unaudited standalone profit after tax of Rupees 1,592,529,230 (Rupees 6.63 per share) for the quarter ended September 30, 2026, against Rupees 522,435,360 (Rupees 2.18 per share) a year earlier. Its board recommended a buy-back, in which the company purchases its own shares, of up to 21% of its shares, for shareholder approval on November 20, 2026.

Key details

Standalone revenue for the quarter ended September 30, 2026 was Rupees 23,997,652,352, against Rupees 22,916,720,297 for the quarter ended September 30, 2025.
Consolidated results for the quarter ended September 30, 2026: revenue of Rupees 24,059,569,412 and profit after tax of Rupees 1,731,945,151 (Rupees 7.21 per share), against Rupees 22,943,327,358 and Rupees 516,164,421 (Rupees 2.15 per share) a year earlier.
The buy-back covers up to 50,424,996 ordinary shares with a face value of PKR 10 each. The shares would be bought for cash out of profits available for distribution, through the Pakistan Stock Exchange at the market price at the time, and then cancelled.
The company says the buy-back will raise its profit per share and give shareholders who wish to sell a way to exit their investment.
The board recommended no cash dividend, no bonus shares (free extra shares) and no right shares (new shares offered to existing shareholders).

What’s still pending

The buy-back needs shareholder approval by special resolution at an extraordinary general meeting scheduled for November 20, 2026, at the company's registered office in Lahore.
Share transfer books will be closed from November 13, 2026 to November 20, 2026. Transfers received by the close of business on November 12, 2026 will count for voting rights at the meeting.
If approved, the purchase period is set to run from November 28, 2026 to May 19, 2027, or until the purchase is completed, whichever is earlier.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/nishat-chunian-financial-results-for-the-quarter-ended-september-30-2026

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building Stock Exchange Road KARACHI.

N.I.S..H. AT

October 21, 2026

Ref; PSX/NCL/54/2026

SUBJECT: FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2026

Dear Sir,

We have to inform you that the Board of Directors of Nishat (Chunian) Limited (the Company) in their meeting held on October 21, 2026 at 12:00 P.M., at Registered Office, 31-Q Gulberg II, Lahore, has recommended the following:

CASH DIVIDEND: NIL

BONUSSHARES: NIL

RIGHT SHARES: NIL

ANY OTHER ENTITLEMENT/CORPORATE ACTION: NIL

ANY OTHER PRICE-SENSITIVE INFORMATION: Detailed in clause (b) & Annexure - A below

The condensed (unaudited) standalone and consolidated financial results of the Company for the Quarter ended September 30, 2026, are attached.

The Board has provided its approval to recommend to the members / shareholders of the Company, for their approval at the Extra-Ordinary General Meeting to be held on November 20, 2026;
Special Resolution(s):
the purchase/buy-back by the Company of up to 21% of the paid-up share capital, an aggregate of up to 50,424,996 issued and paid-up ordinary shares of the Company, having paid-up/face value of PKR 10/- (Pak Rupees Ten only) each, in accordance with the Applicable Law (detailed disclosure attached as Annexure - A)
Notice of Extra-Ordinary General Meeting will be issued (and transmitted) accordingly.
The Quarterly Report of the Company for the period ended September 30, 2026 will be transmitted through PUCARS separately within the specified time.

Yours Sincerely,

Muhammad Umer Qureshi Company Secretary

cc:

Director/Divisional Head

Supervision Oepartment, Supervision Division Securities & Exchange Commission of Pakistan, 63-NIC Building, Jlnnah Auenue,

9 3 1 - Q , GuIberg II Lahore 5 4 660 Pak i stan -! 9 2 - 3 5 7 6 17 3 0 www.r.i s . n et

NISHAT (CHUNIAN) LIMITED

Unconsolidated Condensed Interim Statement of Profit or Loss For Three Months ended September 30, 2026

		Un-Audited
		Three Months Ended
	dOt	September 30, 2026	September 30, 2025
		Rupees	Rupees
REVENUE	8	23,997,652,352	22,916,720,297
COST OF SALES	9	(20,862,716,110)	(20,315,833,950)
GROSS PROFIT		3,134,936,242	2,600,886,347
DISTRIBUTION COST		(495,697,953)	(491,628,002)
ADMINISTRATIVE EXPENSES		(177,440, 181)	(157,631,734)
OTHER OPERATING EXPENSES		{359,729,071)	(53,043,087)
		(1, 032,867,205)	(702,302,823)
		2,102,069,037	1,898,583,524
OTHER OPERATING INCOME		825,143,144	t08,810,241
PROFIT FROM OPERATIONS		2,927,212,181	2,007,393,765
FINANCE COST		(923,769,065)	(1,197,848,728)
PROFIT BEFORE LEW AND TAXATION		2,003,443,116	809,545,037
LEW		(230,916)	(225,$32,808)
PROFIT BEFORE TAXATION		2,003,212,200	584,012,229
TAXATION		(410,682,970)	(61,576,869)
PROFIT AFTER TAXATION		1,592,529,230	522,435,360
EARNINGS PER SHARE - BASIC & DILUTED		6.63	2.18

The annexed notes form an integral part of these financial statements

CHIE ECUTIVE

DIRECTOR

CHIEF FIN IAL OFFICER

NISHAT (CHUNIAN) LTMUTED

Unconsolidated Condensed Interim Statement of FJnanc ial Position As at Sep 30, 2026

Un-Audited 5eptember TO,

Audited

26,073,289,659	25,959,878,494
180,939,852	t93,653, 143
9,S45,758	6,5t6,0T3
10,823,000	St0, 128. 000
38.415,909	2218.PIA
39.530,806	39,586,948

1O,459,183,632	t0,964, t06,4IN
12I,74 $,93 S	130,387,902
248,936,388	zys,szs,ytz

Un-Audited September 30,

Audited

June 30,

	NOtR	2026 2026 Rupees Rupee		Note	2026 2026 Rupees Rupees
EQUITY AND LIABILITIES			ASSETS
SHARE CAPITAL AT D RESERUE 5			NON-CUTt gENT ASSETS
Author iz ed share capit al		3,7OO,00O,OOO 3,700,000,OOO	Fixed asse ts	6
			R ight-of-u se assets
1ssued, subeer'ded and p a d up share capital		2,40t.t90,2 90 2,40t, 390,290	Int angibie asset s	7
Reserves		22,258,675,489	L ong term inves tmen ts
io Ar rQuiw		24,659,865,779	I ong rerm loans to emplcyees
			L ong rerm security deposits
LIABIMTIES					26,352,544,9% 26,75t,979,512
NON-CURRENT LIABILITIES
long term financing
Lease Liabilities
Deferred Liabilities
		T0,829,865,955 I I, 370,4 ZO,OZ9	S tores, spare parrs and Ioose tooIs
CURRENT LIABILITIES			St ock-in trade
			Tr ade debIs
Trade and ot her payabie s			Lo ans and advances
C ontract Iiabit ities- unsecI› red			Short term prepay ments
Unetaimed Dividend Accrued mar k-up / Profit T axation and levy net Shon term borrowings			Other receivables Accrued interest T axation and levy- net 5hort term in vestments
			Cash and bank balances
Curren t port ion of non current liab flit ies
		41,t26.390,605 44,0t3,987,586			50,263.577,355 51,699,76d.653
TOTAL LIABILITIES		51,956,256,560
CONTIN G£NCIES AND COMMITMENTS
TOTAL EQUITY AND LlA8iLITIES		76,616, t22,339 78,4S1.74d. 165	TOTAL ASSETS		76,616,122,33g
The annexed noces form an inregral part of these financial statements.

3,180, 748,298	2,840,t02,838
I6, S73,37A,838	29, 088,115,672
	14,M0, 725,776
Z,631.483, 716	1,64Z,7'41,826
105,110, 603	12,053.253
1.77l,723,4S3	2,707,879,857
	745,779,278
456,589,708
	t02,023, 233

73 34,228471	7.146,502,946
2834 t0738	284,661.38e
66,8Z8,8I4	66,167,573
790 5 /22	849.58 1.98t
29,S43, 240,531	32,950, 022,9t$
2,799,225,629	2,717,050,787

CHIEF AN IAL OFr ICER

uisn^r ‹cuumAHl uurrco

Ordinary Share '""'"'

' 'ITAL RESERVE

REVENUE RESERVE

TOTAL RESERVES

TOTAL EQUI

Share Premium

General reserve

Un-appropriated

profit

Total

Unconsolidated Condensed Interim Statement o'f Changes in Equity (Un-Audited I For Three Months ended September 30, 2026

				Rupees
Balance as ot 30 June 2025 - {Audited)	2,401, 190,290	600,553,890	1,629.221,278	7,317,916,521	t8,94 7, 137, 799	19,547,69t,688	y y,948,881,978

Profit for the quarter ended 30 Sepcember Z025 Other comprehensive income for the quarter ended 30 September 2025					522,4 35,360	522,435,360	522,43$,360
Total comprehensive income for the Quarter ended 30 September 2025				522,435, 360	522,#35,360	522,435,360	sz7,435,360
eaiance a* at so s•ptcmuer zozs - Run-quailed;	2,401, 190,290	600,553,890	1,629,22 1,278	17,840,351,88	z9,469,573, 159	20,070,t27,048	22,d7 1,317,338
Profit/ILoss) for the nine months ended 30 June 2026 Other comprehensive income lor the nine month period ended to June 2026				1,076,257,269	1.076,25 7,269	t,076,257,269	j,076,257,269
Total comprehensive income for the nine monrh period ended 30 June 2026				t,076,2S7,269	1,076, 257,269	1,076,257,269	1,076,257,269
TransaMions with owners of the Company Distributions
Final dividend for the year ended 30 June 2025 @ Rupees 3 per ordinary share Interim dividend for the year ended 30 June 2026 @ Rupees 1 per ordinary share				(240, 1 t9,029) (240, 1t9,029)	(240, I 19,029j (240, 1t9,029)	(240, 119,029) (240, zt9,029}	t240139,029) 2a0,t jg,039}
Balance as at 30 June 20Z6 - (Audited)	2,40t,190,290	600,553,890	1,629,22 1,278	18,436,3?1,092	20,065,592,370	20,666,14b,259	23,067,336,549

Profit for the quarter ended 30 September 2026 Other comprehensive income for the quarter ended 30 September 2026				L,592,S29,230	1,$92,S29,230	1,592,529,230	1,S92,529, Z30
Total comprehensive income for the quarter ended 30 September Z026				1,592,5Z9,230	1,592,529,230	1,$92,$29,230	1,592,$29,330
Balance es at gQ /ptember 2026 - {Un-AuditedI	2,40t,190,290	600,553,890	1,629,22 ,278	20,028,900,3Z2	2t,658,121,600	22,258,675,489	24,659.865./79

CHIE ECUTlVf

NISHAT (CHUNIAN) LIMITED

Un-Audited

Three Months Ended

September 30,

2026

September 30,

2025

(460,577)
(460,577)
(448,105,121)	(S85,705,559)
(25,215,743)	(12,244,398)
(3,006,782,384)	8,675,752,820
(338,759)	(941,823)

Unconsolldated Condensed Interim Statement of Cash Flows For Three Months ended September 30, 2026



	Note
		Rupees	Rupees
CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from operations	10	S,236,072,852	(6,331,375,460)
Net (increase) / decrease in long term security deposits		56,142	(4,569,000)
Net (increase) / decrease in long term loans to employees		2,007,567	(13,541,401)
Finance cost paid		(1,035,557,899)	(1,089,978,793)
Income tax paid		(405,069,953)	(379,628,432)
Net cash generated from / (used In) operating activities		3,797,508,709	(7,819,093,086)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditure on property, plant and equipment		(1,233,568,905)	(309,538,123)
Capital expenditure on intangible assets		(3,291,234)	1
Proceeds from disposal of operating fixed assets		1,095,415,662	10,999,551
Investment in subsidiary companies		100,000
Dividend received		1,003,982	1,003,982
Profit / Interest received		42,534,322	9,521,576
Net cash generated from / (used In) Investing activities		(97,806,173)	(288,013,013)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long term financing			52,405,958
Repayment of long term financing
Repayment of lease liabilities
Short term borrowings - net
dividend paid
Net cash generated from / (used In) financing activities		(3,480,902,584)	8,129,266,998
NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS		218,799,950	22,160,899
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD TRANSFER UPON AMALGAMATION		102,023,233	102,109,427
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD		320,823,183	124,270,326
The annexed notes form an integral part of these financial statements.

CHIEF E UTIVE

DIRECTOR

CHIEF F

cIAL OFFICER

NISHAT (CHUNIAN) LIMITED AND ITS SUBSIDIARY COMPANIES

Three Months ended

September 30,

2026

September 30,

2025

Consolidated Condensed Interim Statement of Proflt or Loss (Un-Audited) For The Three months ended September 30, 2016

REVENUE	Rupees 24,059,569,412	Rupees 22,943,327,358
COST OF SALES	(20,861,401,601)	(20,290,728,894)
GROSS PROFIT	3,198,167,811	2,652,598,464
DISTRIBUTION COST	(SSS,314,190)	(528,761,283)
ADMINISTRATIVE EXPENSES	(189,278,569)	(178,S80,873)
OTHER OPERATING EXPENSES	(359,729,071)	(53.043,087)
	(1,104,321,830)	(760,385,243)
	2,093,845,981	1,892,213,221
OTHER OPERATING INCOME	973,287,434	109,065,505
PROFIT FROM OPERATIONS	3,067,133,41S	2,001,278,726
FINANCE COST	(924,274,378)	(1,197,998,977)
PROFIT BEFORE LEVY AND TAXATION	2,142,859,037	803,279,749
LEVY	(230,916)	(225,538,459)

PROFIT BEFORE TAXATION

2.'

142 62...8.

1...2..1. . ...

577,741,290

TAXATION

(410,682,970)

(61,S76,869)

PROFIT AFTER TAXATION PROFIT ATTRIBUTABLE TO:

1,731,945,151 516,164,421

EQUITY HOLDERS OF THE HOLDING COMPANY

PROFIT PER SHARE - BASIC & DILUTED

1,731,945,151

7.21

516,164,421

2.15

The annexed notes form an integral part of these consolidated condensed Interim financial statements

CHIE XECUTIVE

IEF FIN NCIAL OFFICER

NISHAT {CHUNIAN) LIMITED AND ITS SUBSIDIARY COMPANIES

Consolidated Condensed Interim Statement of Financial Position As at September TO, 2026

EQUITY AND LIABILITIES

10,S29,80Z,35O	,964,106,415
]39,957,653	130,387,g02
248,936,388	275,925,712

SHARE CAPITAL AND RESERVED

Un-Audited

Rupees

September 30,

Audited June 30,

ASSETS

Un-Audited

September 30,

Rupees

Audited

June 30,

Rupees

Authorized share capital	3,700,000,tXO			Fixed assets Intangible assets	26, 090,885,85 T 3,879,926	26,329,846,OSS 6,516,013
Issued, subscribed and paid-up share capital	2,40t,190,290 2,401,190, 290			R ight of-use assets	203,786,389	t93,65J, 143
Reserves		22,205,064,736	20, 473,03t,464	Long cerm loans to employees	38,415,909	42,2t8,91d
Equity attributable to equity holders of the Holding Company		24,606, 255,026	22,874,22T,754	Long term security deposits	39,530, 806	39,586.948
Novconolni ees‹					26,386,498,881	26,6tt,8T9,073
TOTALEOolyr		24,606,255,026	22.874,22t,7S4
LIABILITIES
NON-CURRENT LIABILITIES
Long term financing				CURRENT ASSETS
Lease liabilities
Deferred Liabilities
		10,918,696,391	1t,370,420,029	Stores, spare parts and loose tools
				Stock-in-trade
CURRENT LIABILITIES				Trade debts
Trade and other payables				Loans and advances
Contract liabilities - unsecured				Short term deposits and prepayments
Unclaimed dividend				Other receivables
Accrued mark-up / Profit				Short term investments
Short term borrowings				Cash and bank balances
Current ponion of non-current liabilities				Taxation and levy - net
Taxation and levy - net					50,272,688,643	5'1,692,662, 214
		41,J34,236,t07	44.059,839,504
TOTAL LIABILITIES		52,052,932,498	55,430,259,533
CONNNGEN IES AND COMMITMENTS	S
TOTAlEOUlWAWDuAluTlFS		76,659,187,524	78,304,48T,287	TOTAL ASSETS	76, 9,187,524	78,304,481,287

3,tB0,748,298	2,862,220,793
25,777,065,972	29,304,550,738
15, 2T4,496,369	I 3,9t6,680,849
2,63t,483,7t6	1,642, 24 T,826
106,t69,429	t3,969,365
1,753,954,038	2,625,801, J 26
456,589,708	a 60,84 2,920
4t2,245,76B	120,566,077
739,935,345	745,788,520

7,3'42,073,973	7,180,593, 655
Z83,410,738	284,661,384
65,828,814	66,167,573
700,456,422	849,S8i,981
29,943,240,53t	32,96t,784, 12d
2,799,2Z5,629	2,717,050,787

Tfje annexed notes form an integral pan of these consolidated condensed interim financial statements.

CHIEF JNA/CIAL OfifiICER

CHIEF ECUTTVE

NISHAT {CHUNIAN} LIMITED AND ITS SUBSIDIARY COMPANIES

Consolidated Condensed Interim Statement of Changes in Equtty {Un-Audited} for The Three months ended September 30, 2026

ATTRIBUTABLE TO EQUITY HOLDE pS OF THE HOLDING COMPANY

Share Capital

sHaRcHororns' rouiw

Exchange

Translation Reserve

Shae

Pemlum

General Reserve

'"' ppropriated proflt

Total

rotor equiw

Balance as at /une 30, 2025 - laudlted)	2,401,190,290	29,845,139	600,553,890	1,629,221,2y8	t7,332,799,458	18,762,020,736	Z1,793,6t0,055		i,y93,610,055
Tocal comprehensive income for the Tfiree months ended 30 September 2025		198,T93			516,16d,421	516,16d,42T	516,362,6t4		516,362,614
Balance as at 30 September 2028 - {Un-Audited)	I,40I,190,39O	30,043,312	600,553,890	1,629,?21,278	}7,648,963,879	T9,378,I85,lS7	23,309,972,670		£2,3O9,97Z.6J0
Profit for the nine months ended 30 June 2026		182, 292			3,044,304,851	J,Q4#,30+,85j	1,044,487,143		1,04#,+87,143
Transactions with owners of the Company Distributions Final Dividend for the year ended 30 June 2025 @ Rupees 1 per ordinary share			(240,119,029)			(240,1 19,029)	{240,119,029)	(240,tt9,029)
Interim dividend for the half year ended 31 December 2025 @ Rupees 1 per ordinary share			{240,y 19,029)			(240,139,029)	{240,119,029)	(240,119,029)
Balance as at June 30, 2026 - {auaiced)	2,401,190,290	30,225,624	600,553,890	1,629,221,278	18,213,030,672	t9,842,25J,950	22,874, Z21,754		22,874,221,754
Total comprehensive income for the Three months ended 30 September 2026		BB, 12			J,73z,945,151	t,731,945,1Sy	,732,033,272		1,733,033,272
Balance as at 30 September 2OZ6 - {Un-Audited)	2,401,190,290	30,313,745	600,553,890	1,629,221,278	19,944,975,823	21,574,197, 10t	24,606,255,026		24,606,255,026

The annexed notes form an Integral part of this consolidated condensed interim financial information.

NISHAT (CHUNIAN) LIMTTE D AND ITS SUBSIDIARY COMPANIES

Three Months ended
September 30,	September 30,
2026	2025

5,A51,304,251	(6,337,073,366)
56,142	(4,569,000)
2,007,567	(13,541,401)
(1,036,063,2 13)	(1,090,129,042}
(148, 144, 288)
(405,069,953)	1379,634,508)

(1, 227,302,469)	(307,927,994)
(3, 291, 234)	1
1,095,415, 662	10,999, S51
1,003,982	1,003,982
100,000
42,534,3 22	9,52 1,576

(744,224)	61,660,501
(448,205, 12 1)	(58 5,705, 559)
(25,215,743)	8,675,752,820
(3,006,555,353)	(12,244,3 98)
(338,759)	(941,823 }

Consolidated Condensed Interim Statement of Cash Flows (Un-Audited) For The Three months ended September 30, 2026



	Note
		Rupees	Rupees
CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from / (used in) operations	6
Net (increase) / decrease in long term security deposits
Net (increase) / decrease in long term loans to employees
Finance cost paid
Realization of unrealised Gain on Land Transfer
Income tax paid
Net cash generated from / (used in) operating activities		3,864,090,506	(7,824,947,318)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditure on property, plant and equipment
Capital expenditure on intangible assets
Proceeds from disposal of operating fixed assets
Dividend received
Short term investments disposed off - net
Profit / Interest received
Net cash generated from / (used in) investing activities		(91,539,737)	(286,402,884)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long term financing
Repayment of long term financing
Short term borrowings - net
Repayment of lease liabilities
Dividend paid to equity holders of the holding company
Net cash generated from / (used in) financing activities		(3,480,959,200)	8,138, S21,54 2

NET INCREASE / (DECREASE) TN CASH AND CASH EQUIVALENTS	291,591,570	27,171,340
IMPACT OF EXCHANGE TRANSLATION	88,121	198, 19 3
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	120,5 66,077	119,733,994
CASH AN0 CASH EQUIVALENTS AT THE END OF THE PERIOD	412,245,768	14 7,103,52 7
The annexed notes form an integral part of these consolidated condensed interim financial statements

CHIE EXECUTIVE

DIRECTOR /

cHirr riNa or orricrn

NISHAT

Annexure - A

Purchase (Buy-Back) of the shares under Section 88(7) of the Companies Act, 2017 read with Listed Companies (Buy-Back of Shares) Regulations, 2019 ("Applicable Law")

In accordance with Sections 96 and 131 of the Securities Act, 2015 and Clause 5.6.1 of the Rule Book of the Pakistan Stock Exchange Limited, we hereby convey the following information:

The Board of Directors of Nishat (Chunian) Limited (the Company) in its meeting held on October 21, 2026, provided its approval to recommend to the members / shareholders of the Company, for their approval vide special resolution(s), the purchase/buy-back by the Company of an aggregate of up to 21% of issued and paid-up share capital, an aggregate of up to 50,424,996 issued and paid-up ordinary shares of the Company, having paid-up/face value of PKR 10/- (Pak Rupees Ten only) each, in accordance with the Applicable Law (the Purchase). Salient features of the Purchase are provided in the table below:

cription

Purpose of the purchase Mode of the purchase

Indicative (maximum) number of shares proposed to be purchased (buy- back)

nldi afive (maximum) percentage of shares

proposed to be purchased (buy -back) Purchase Price

Board's Recommendation Cancellation of Shares

Through the Pakistan Stock Exchange

Limited Up to an aggregate of 50,424,996

(Fifty Million Four Hundred Twenty-Four

Thousand Nine Hundred Ninety-Six) issued and paid-up ordinary shares of the Company, having paid-up/face value of PKR 10/- (Pak Rupees Ten onIy)

Up to 21% of the total issued and paid-up

shares of the Company Spot price prevailing on the Pakistan Stock Exchange at the time of purchase (as per Regulation 8(2) of the Listed Companies

(Buy-Back of Shares) Regulations, 2019)

3 Q , G u I b e p I I L ci o e S 4 6 6 0 Pc ‹ i s Io n

NISHAT

C H U N . N L T D

Period within which the purchase shall be

made

Source of funds

Justification for the purchase / buyback and effect on the financial position of the Company

Recommendation

In accordance with Regulations 7(2) and 10(b) of the Regulations, the purchase period shall commence not later than 7 (seven) days from the date of the public announcement, and shall close within 180 (One Hundred Eighty) days from the date of the special resolution or till such date that the purchase is completed, whichever is earlier.

Consequently, the purchase period shall commence from November 28, 2026 to May 19, 2027 (both days inclusive) or till such date that purchase is complete, whichever is earlier.

The purchase of shares shall be made in cash and shall be out of the distributable profits as required under Section 88(8) of the Companies Act, 2017.

The purchase/buy-back of the Company's issued ordinary shares will improve the earnings per share of the Company.

Further, it will provide an exit opportunity to those members who wish to liquidate their investments.

The approval of members of the Company for the proposed buy-back of shares shall be sought at the Extraordinary General Meeting (EOGM) scheduled to be held on November 20, 2026, at the registered office of the Company.

The Share Transfer Books of the Company will be closed from November 13, 2026 to November 20, 2026 (both days inclusive). Transfers received in order at the Office of the Share Registrar of the Company, Hameed Majeed Associates (Pvt) Limited, 1st Floor, H.M. House, 7-Bank Square, Lahore at the close of business on November 12, 2026 will be treated in time to determine voting rights of the members for attending the meeting.

Yours Sincerely,

Muhammad Umer Qureshi "

Company Secretary

3 l - Q , G u Iberg II La h ore 5 4 6 6 0 Pa k i sto n .- 92 - 3 5 7 6 1 7 3 0 WW • i sh at. n et

Nishat Chunian Ltd. on 6ix

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