Gillette Pakistan Limited (GLPL) is marked “DELISTED” on the Pakistan Stock Exchange (PSX). Separately, GLPL’s interim financial statements disclosed that Gillette Company LLC had conveyed P&G’s decision to discontinue its Pakistan business. Management estimated that GLPL would discontinue operations around May 31, 2026; that was an estimate, not confirmation that every activity stopped on that date.
What happened to Gillette Pakistan?
Two developments are connected but should not be confused: GLPL’s shares have been delisted from the PSX, and the company disclosed P&G’s decision to discontinue its Pakistan business. A delisting ends exchange trading in the listed shares; it does not, by itself, establish when or how completely the company’s operations wound down.
GLPL’s interim financial statements for the half year ended December 31, 2025 said Gillette Company LLC conveyed P&G’s decision. The statements treated GLPL as not a going concern. In the independent auditor’s review report dated February 27, 2026, the auditor’s emphasis-of-matter section reproduced management’s estimate: “Management currently estimates that the Company will discontinue operations around May 31, 2026.” GLPL interim financial statements
That date was a forward-looking management estimate in statements for the six months ended December 31, 2025. The materials cited here do not confirm that operations actually ceased on May 31 or establish the status of every business activity after that date.
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Why was GLPL delisted, and what price did PSX set?
GLPL’s delisting followed a voluntary delisting and share-buyback process. On January 26, 2026, the PSX Voluntary Delisting Committee set PKR 700 per share as the minimum buyback price. The committee rejected the sponsor’s proposed PKR 216.49 per share and made sponsor acceptance and fulfillment of the relevant requirements conditions of the voluntary delisting. PSX notice on the minimum buyback price
| Process item | Price per share | What it means |
|---|---|---|
| Sponsor’s proposed price | PKR 216.49 | The proposal recorded in the PSX committee notice; it was not the final minimum set by the committee. |
| PSX committee minimum | PKR 700 | The minimum buyback price set by the PSX Voluntary Delisting Committee on January 26, 2026. |
On February 4, PSX gave the sponsor until February 6 to accept or reject the price after a public holiday and a request from Arif Habib Limited. PSX notice setting the sponsor response deadline
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What were the buyback dates?
Business Recorder reported that Series Acquisition B.V., GLPL’s sponsor, offered PKR 700 per share for the remaining shares. Its report described an initial purchase period from March 12 through May 10, 2026, inclusive, covering physical share certificates and CDC book-entry shares. It reported 2,638,059 shares, or about 8.28% of paid-up capital, as the amount to be purchased from minority shareholders; those figures are reported by Business Recorder, not independently confirmed here against the primary offer notice. Business Recorder report on the offer
PSX’s March 16, 2026 quotation listed the initial period and a further one-year purchase period. The initial window has elapsed; the subsequent period was listed through May 10, 2027.
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| Stage | Dates listed | Source and qualification |
|---|---|---|
| Initial purchase period | March 12–May 10, 2026 | Reported by Business Recorder and listed in PSX’s March 16 quotation. |
| Remaining purchase period | May 11, 2026–May 10, 2027 | Listed in PSX’s March 16, 2026 quotation. |
PSX quotation and listed-company information
What does delisting mean for minority shareholders?
Delisting means GLPL is no longer listed for trading on the PSX; it does not establish whether a particular shareholder tendered shares, received payment, or remains eligible to use a purchase-period process. The reported offer terms and PSX’s period listing do not settle an individual holder’s current entitlement or the documents and steps required.
Shareholders should confirm their specific position and current procedure with the issuer, registrar, Central Depository Company (CDC), or their broker before acting. The offer report included both physical certificates and CDC book-entry shares, but that general description is not a substitute for instructions that apply to an individual account.
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What do GLPL’s financial figures show?
PSX’s company-profile financial summary reports FY2025 sales of PKR 1,719.851 million and a loss after tax of PKR 25.950 million. PSX cautions that its displayed figures may be standardized and may differ from figures in the issuer’s reports, so consult GLPL’s annual report for definitive financial statements. PSX GLPL company profile
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- 1 REFILL = UP TO 30 SHAVES: Get up to 30 shaves per blade refill (based on 3 shaves per week)
- LUBRICATION STRIP FOR GLIDE: Features a large lubrication strip for a smoother experience and glide (vs previous Fusion5 ProGlide)
- PRECISION TRIMMER FOR DETAILING: Designed for hard-to-reach areas and styling to help keep edges neat
How to read the company’s status now
- Exchange status: The PSX profile displayed GLPL as “DELISTED” when checked on October 8, 2026.
- Operating status: The interim statements disclosed P&G’s decision and management’s estimate for an operational winddown; the delisting label does not independently confirm the shutdown’s completion or exact timing.
- Shareholder outcome: Published buyback terms and dates do not prove that every minority holder was paid or determine any individual holder’s current rights.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
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