Karachi: The Islamabad High Court has sanctioned a Scheme of Arrangement facilitating the amalgamation of Cyan Limited and DH Partners Limited with Dawood Lawrencepur Limited (DLL), according to a notice issued on March 5, 2026. The approval was granted on February 12, 2026, under Sections 279 to 283 and 285(8) of the Companies Act, 2017.

This amalgamation will result in the issuance of DLL shares to the members of Cyan and DH Partners, excluding DLL itself. Specifically, DLL will issue 7.2974 shares for every 100 ordinary shares of Cyan and 4.7724 shares for every 100 ordinary shares of DH Partners. The process will also address the disposal of fractional entitlements, as established in the Scheme.

The Board of Directors of DH Partners has resolved that the final book closure date, determining the Company members’ identities and corresponding entitlements to DLL shares, will be March 13, 2026. Consequently, March 11, 2026, will mark the last trading day for DH Partners shares. Transfers must be submitted to CDC Share Registrar Services Limited by the close of business on March 12, 2026, for timely processing.

Members of DH Partners holding physical shares are instructed to submit their share certificates to the Share Registrar, along with a certified copy of their CNIC. Those preferring book entry form entitlements must deposit their physical certificates into the Central Depository System (CDS) through a broker or CDS participant by March 12, 2026. Otherwise, physical share certificates will be issued.

In conjunction with the Scheme’s implementation, members are urged to update their records with their respective participants or CDC Investor Account Services and provide mandatory registration details. This ensures that CDC can validly credit members’ accounts with the allocated DLL shares.

Upon the allotment of DLL shares, DH Partners will be dissolved without winding up and automatically delisted from the Pakistan Stock Exchange. According to information available from the Pakistan Stock Exchange (PSX), this development will be communicated to TRE Certificate holders accordingly.