Karachi: Systems Limited has disclosed its intention to possibly acquire an Information Technology (IT) and IT-enabled services business. This revelation was made following authorization by the company's board of directors during a meeting on July 23, 2025, as outlined under Sections 96 and 131 of the Securities Act, 2015, and the pertinent provisions of the Pakistan Stock Exchange Limited's Rule Book.

The company is currently in the process of negotiating commercial terms, conducting due diligence, and preparing to execute definitive agreements. The acquisition is contingent upon the successful completion of these negotiations and the receipt of necessary regulatory approvals. According to information available from the Pakistan Stock Exchange (PSX), Systems Limited has committed to keeping the exchange informed of any significant developments in this regard.

Systems Limited, which operates within the designated market category of IT and IT-enabled services, is taking calculated steps toward this potential expansion. The company's decision underscores its strategic interest in bolstering its market presence through acquisitions, pending the satisfactory completion of required processes and approvals.