Karachi: Supernet Technologies Limited, a Karachi-based company incorporated on October 31, 1981, has announced a right share offering intended to raise PKR 914.77 million. The offering, detailed in the Right Share - Offer Document dated August 5, 2026, constitutes 85% of the company's existing paid-up capital, with each share priced at PKR 10.

The rights issue comprises 91,476,554 shares, offered at a ratio of 85 right shares for every 100 shares held. The offer document indicates that public comments were not solicited. The final offer letter is scheduled for August 5, 2026, with the book closure date set for August 17, 2026. Subscription payments can be made between August 19, 2026, and September 9, 2026, while trading of the letter of rights will occur from August 19, 2026, to September 2, 2026.

According to information available from the Pakistan Stock Exchange (PSX), the offer document can be accessed through Supernet Technologies' website, as well as the PSX Company Announcement link. The designated market category for this announcement is the right shares market.

Muhammad Farhan Saeed, Company Secretary of Supernet Technologies, can be contacted for further details at the company's registered office located at the 4th Floor, Tower - B, World Trade Center, Block - 5, Clifton, Karachi. For underwriting, Dawood Equities Limited and Topline Securities Limited are involved, represented by Abdul Aziz Habib and Zirar Khalid, respectively. The banking arrangements for the issue are managed by Meezan Bank Limited.

This financial maneuver is expected to bolster Supernet Technologies’ capital structure, reflecting the company's strategic approach to augment its capital base in alignment with market regulations.