Karachi: Supernet Technologies Limited has announced an 85% right issue priced at PKR 10.00 per ordinary share. This announcement was made in a report dated August 13, 2026, as the company seeks to adhere to the procedures set forth by the Central Depository Company (CDC) and the Pakistan Stock Exchange (PSX).
The company has assured that it will comply with the CDC and PSX regulations regarding right shares and will deposit the unpaid rights in book entry form within the stipulated time frame. This move aligns with the CDC's introduction of an online payment facility through 1Link, which allows Investor Account Holders and Sub Account Holders to make online payments for their respective rights via various online banking channels.
According to information available from the Pakistan Stock Exchange (PSX), the procedure for issuing the right shares involves several key dates. The book closure is set for Monday, August 17, 2026, with the credit of unpaid rights into the CDC in book entry form scheduled for the following day, August 18, 2026. Physical shareholders will receive dispatches of the Letter of Right (LOR) on August 20, 2026, and trading of unpaid rights on the Karachi Stock Exchange Limited will commence on August 19, 2026.
Shareholders holding physical shares are advised that they have the option to renounce their Letter of Rights by depositing them into their own CDC investor or sub-account. The process allows physical shareholders to transfer their right shares into book entry form by providing the necessary account details.
The trading of rights letters will conclude on September 2, 2026, with the last date for acceptance and payment of shares set for September 9, 2026. The allotment of shares and credit into the CDC will occur on September 23, 2026, the same day scheduled for dispatching physical share certificates.
Investors are directed to make payments via cash, crossed cheque, demand draft, or pay order to the credit of "SUPERNET TECHNOLOGIES LIMITED - RIGHTS SUBSCRIPTION ACCOUNT" through all branches of Meezan Bank Limited in Pakistan. The account details are as follows: Account No. 9951-0115558895, IBAN: PK09MEZN0099510115558895.
The designated market category for this right issue remains an integral part of the company's strategic financial structuring, aiming to bolster its market position and enhance shareholder value.