Karachi: Secure Logistics Group Limited (SLGL) and Trax Online have officially merged, following the approval of shareholders, lenders, and the Securities and Exchange Commission of Pakistan (SECP). The announcement was made in Islamabad during an Extraordinary General Meeting (EOGM) held on March 28th, 2025, marking a significant development in the logistics and transportation sector.

The merger is set to be detailed further in a presentation by the combined SLG-Trax teams, scheduled for April 24th, 2025, in Karachi. Attendees will gain insights into the merged entity's group structure, business lines, strategic rationale, scheme of amalgamation, current status, financial outlook, and valuation analysis.

According to information available from the Pakistan Stock Exchange (PSX), the merger follows a structured process of approvals, underscoring the regulatory compliance adhered to by both companies. The presentation will be accessible through both entrances of the venue building, ensuring ease of access for participants.

The logistics and transportation sector, categorized under the designated market category, is witnessing a transformative phase with such mergers, aiming for enhanced operational efficiency and market reach. The strategic consolidation of SLGL and Trax Online is anticipated to create a stronger market presence and offer expanded services to clients.