Karachi: Supernet Technologies Limited has successfully completed its ongoing right issue, with all 91,476,554 right shares fully subscribed. The company confirmed on September 15, 2026, that the total subscription amount collected was PKR 914,765,540.

Supernet Technologies Limited, as part of its financing strategy, offered these shares at a price of PKR 10 each, following a decision by its Board of Directors on July 15, 2026. The subscription process involved participation from the company's directors, substantial shareholders, sponsors, and the general public.

The statutory auditors, M/s Parker Russell - A.J.S, Chartered Accountants, have confirmed the full receipt of the subscription funds. The funds have been verified to include PKR 352,745,910 from directors and substantial shareholders, PKR 506,989,200 from the general public and underwriters through a designated bank account, and PKR 55,030,430 from general shareholders via online payment facilitated by the Central Depository Company of Pakistan Limited (CDC).

In compliance with regulatory requirements, Supernet Technologies Limited has requested the issuance of a No Objection Certificate (NOC) from the relevant authorities. This NOC is to authorize Meezan Bank Limited, the banker to the issue, and CDC to release the right shares subscription money.

According to information available from the Pakistan Stock Exchange (PSX), the total paid-up capital of Supernet Technologies Limited has increased from PKR 1,076,194,750 to PKR 1,990,960,290 following the successful right issue. This significant move positions the company to enhance its operational capabilities and pursue strategic initiatives.