Karachi: Supernet Technologies Limited has announced the allotment and issuance of 5,500,000 ordinary shares as part of a merger arrangement sanctioned by the Honourable High Court of Sindh at Karachi. The announcement comes as a significant step in the merger of Supernet Limited with and into Supernet Technologies Limited.

The company, following the Scheme of Arrangement, will issue the ordinary shares to its shareholders based on a ratio of 11 shares for every 1 ordinary share held by each shareholder. The STL Record Date, set to identify the shareholders entitled to the shares, is Wednesday, March 25, 2026. Transfers must be received by STL’s share registrar, F. D. Registrar Services (Private) Limited, by the close of business on Tuesday, March 24, 2026, to be considered timely for determining entitlements.

According to information available from the Pakistan Stock Exchange (PSX), the allotment of shares will be conducted as prescribed under the Scheme, with considerations for fractional shares and entitlements being managed by STL’s Board of Directors. Shareholders holding physical share certificates are advised to deposit their certificates into the Central Depository System (CDS) through a Broker or CDC Participant by March 24, 2026, if they wish to receive their entitlements in book entry form.

The company also advises shareholders to update their records with Participant CDC Investor Account Services or the share registrar to ensure seamless communication and the provision of mandatory registration details. This includes contact information and registered postal addresses, to facilitate the crediting of CDC accounts with the corresponding number of STL shares.

The merger and subsequent share issuance mark a structured approach to capital reorganization for Supernet Technologies Limited, aligning with regulatory requirements and offering clear directives for shareholder participation.