Karachi: Supernet Technologies Limited has announced the approval and allocation of its unsubscribed right shares, following a recent board resolution. On September 14, 2026, the company’s Board of Directors sanctioned the distribution of 1,687,244 right shares, valuing PKR 16.87 million, to specific individuals and entities, as per Section 83(1)(a)(iv) of the Companies Act, 2017.

The allocation details reveal that Mr. Waseem Ahmad received 100,000 shares for PKR 1.00 million, and Mr. Muhammad Farhan Saeed was allotted 50,000 shares amounting to PKR 0.50 million. Dawood Equities Limited, the underwriter for the right issue, was granted the bulk of the shares, with 1,537,244 shares valued at PKR 15.37 million.

According to information available from the Pakistan Stock Exchange (PSX), the full subscription amount has been confirmed. The company is in the process of obtaining an auditor's certificate to validate the receipt of the complete sum from the right issue and will communicate this to the exchange in due course.

The designated market category remains unchanged, and relevant parties, including the TREC Holders of the Exchange, have been duly informed of these developments.