Karachi: Shareholders of DH Partners Limited (DHPL) have approved a significant restructuring move involving the amalgamation of DHPL and Cyan Limited into Dawood Lawrencepur Limited (DLL). The decision was ratified during an Extraordinary General Meeting held on January 27, 2026, at the Karachi School of Business and Leadership, with additional participation via video link.

The approved Scheme of Amalgamation, as filed with the Islamabad High Court, follows the provisions of Sections 279-282 and 285(8) of the Companies Act, 2017. According to the scheme, all assets, liabilities, and obligations of DHPL and Cyan Limited will be transferred to DLL. In exchange, DLL will issue fully paid-up ordinary shares to the members of DHPL and Cyan, based on pre-determined swap ratios, as specified in the scheme.

This amalgamation will result in the dissolution of both DHPL and Cyan without winding up, consolidating their operations under DLL as the surviving entity. The resolution grants authority to the Chief Executive Officer, Chief Financial Officer, or the Company Secretary of DHPL to handle all necessary corporate, legal, and regulatory formalities. This includes signing and executing all required documents to ensure compliance with the directives of the Islamabad High Court.

According to information available from the Pakistan Stock Exchange (PSX), the approved amalgamation scheme is a critical step in optimizing the resources and operational efficiencies of the involved entities. The amalgamation is set to streamline operations and potentially enhance shareholder value in the designated market category.

The resolutions passed during the meeting underscore the commitment of the involved companies to navigate regulatory requirements while focusing on strategic growth and consolidation.