Karachi: Supernet Technologies Limited, a prominent player in the technology sector, announced a significant increase in its paid-up share capital on July 15, 2026. The Board of Directors has approved the issuance of 91,476,554 ordinary shares as Right Shares. This move is set to expand the company's capital base and provide additional opportunities for its shareholders.

The new shares will be offered at a price of PKR 10 each, maintaining the nominal face value. Shareholders will be entitled to approximately 85 Right Shares for every 100 ordinary shares they currently hold, translating to an 85% offer. This initiative is in compliance with Sections 96 and 131 of the Securities Act, 2015, alongside relevant provisions from the Rule Book of Pakistan Stock Exchange Limited and the Companies (Further Issue of Shares) Regulations, 2020.

According to information available from the Pakistan Stock Exchange (PSX), the detailed plan includes the purpose of the issue, utilization of proceeds, and potential benefits to the company and its shareholders. The precise dates for the closure of the Share Transfer Books, necessary to determine entitlement for these Right Shares, will be announced once the offer letter/document is finalized.

Supernet Technologies Limited's strategic decision to issue these shares aims to strengthen its financial standing and provide a robust foundation for future growth. The company has enclosed detailed statements and resolutions regarding this Right Issue, ensuring transparency and compliance with regulatory standards.