Supernet Limited Announces Merger with Supernet Technologies

Supernet Limited has officially approved a merger with its sister company, Supernet Technologies Limited (STL), in a major move aimed at streamlining operations and boosting shareholder value.

The decision was made during a board meeting held on May 27, 2025. This follows an earlier announcement made in January, where Supernet disclosed plans to explore merging with STL.

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Under the approved plan, all assets, liabilities, and business operations of Supernet will be merged into STL. In return, shareholders of Supernet will receive STL shares. Specifically, for every 1 share of Supernet, shareholders will get approximately 1.68 shares of STL. A total of about 101.6 million STL shares will be issued to Supernet shareholders as part of the deal.

Once the merger is complete, Supernet will be dissolved without going through a formal winding-up process and will be de-listed from the Pakistan Stock Exchange (PSX).

This merger still needs several legal and regulatory approvals, including a green light from the High Court of Sindh in Karachi. A draft Scheme of Arrangement has been prepared under the Companies Act, 2017 and will be submitted for review.

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The merger aims to consolidate resources and improve efficiency across both companies, positioning STL for greater growth in the tech and communications sector.

The Scheme will soon be shared with shareholders and the PSX, following legal guidelines.