Karachi: Cyan Limited has announced that during an Extraordinary General Meeting held on January 27, 2026, at the Karachi School of Business and Leadership, its shareholders approved a significant corporate restructuring plan. The meeting, which was also accessible via video link, saw the adoption of resolutions to amalgamate Cyan Limited and DH Partners Limited (DHPL) with Dawood Lawrencepur Limited (DLL).

According to information available from the Pakistan Stock Exchange (PSX), the resolution outlined the transfer of all assets, liabilities, and obligations of the amalgamating entities into DLL. The amalgamation process will result in the dissolution of DHPL and Cyan without winding up, effectively consolidating the companies under the DLL banner. This move is part of a Scheme of Amalgamation filed with the Islamabad High Court, prepared under the provisions of the Companies Act, 2017.

The approved scheme entails that fully paid-up ordinary shares of Rs. 10 each in DLL will be issued to the members of DHPL and Cyan, based on a swap ratio specified in the amalgamation plan. The dissolution of DHPL and Cyan will follow the terms set out in the scheme, along with any modifications or conditions imposed by the Islamabad High Court.

The resolution also empowers the Chief Executive Officer, Chief Financial Officer, and the Company Secretary of Cyan Limited to undertake all necessary corporate, legal, and regulatory procedures to implement the amalgamation. This includes executing and delivering required documents and completing all regulatory requirements with the Islamabad High Court.

This corporate move reflects a strategic decision by Cyan Limited to streamline operations and consolidate resources, aiming to enhance the financial and operational strength of the newly formed entity under Dawood Lawrencepur Limited.