Islamabad: Shifa International Hospitals Limited has announced its decision to initiate voluntary winding-up proceedings for its subsidiary, Shifa Development Services (Private) Limited. This decision was made during a meeting of the Board of Directors of the Subsidiary held on November 10, 2026.

The proceedings are to be conducted under the applicable provisions of the Companies Act, 2017, in compliance with Section 96 and Section 131 of the Securities Act, 2015, and Clause 5.6.1 of the Rule Book of the Pakistan Stock Exchange Limited. According to information available from the Pakistan Stock Exchange (PSX), the Board has scheduled an Extraordinary General Meeting (EOGM) for the shareholders of the Subsidiary on December 05, 2026. During this meeting, shareholders will consider and potentially pass a Special Resolution to formalize the voluntary winding up and appoint a liquidator.

The decision reflects a strategic move by Shifa International Hospitals Limited, a key player in the designated market category, as it seeks to streamline operations and focus on its core business activities. The outcome of the EOGM will determine the next steps in the winding-up process for Shifa Development Services (Private) Limited.