Supernet Merger Pakistan Officially Approved

The Supernet merger Pakistan has been officially completed after the High Court of Sindh sanctioned the merger of Supernet Limited into Supernet Technologies Limited (STL), making STL the surviving listed entity.

Following the completion of the Supernet merger Pakistan, all assets, liabilities, and operational responsibilities of Supernet Limited have been transferred to STL. The company will continue to operate under the name Supernet Technologies Limited and remain listed on the Pakistan Stock Exchange (PSX) Main Board under the trading symbol “STL.”

📈 Capital Restructuring and Share Distribution

As part of the merger scheme, STL has undertaken a significant capital restructuring plan. The company will issue 5.5 million fully paid ordinary shares of PKR 10 each to existing shareholders in an 11:1 ratio.

Additionally, 101.62 million new shares will be issued to shareholders of Supernet Limited under an approved share swap arrangement.

After this restructuring, STL’s total issued and paid-up capital will reach approximately PKR 1.076 billion, consisting of 107.6 million ordinary shares, strengthening its financial base for future expansion.

🌐 Supernet’s Legacy and Expansion

Founded in 1995, Supernet Limited has played a vital role in Pakistan’s telecom and digital infrastructure landscape. The company has built an extensive network covering over 200 cities nationwide.

In recent years, it secured Fixed Local Loop (FLL) licenses across 14 regions from the Pakistan Telecommunication Authority, enhancing its service capabilities under a unified regulatory framework.

🚀 Diversification into Advanced ICT Solutions

Over time, Supernet expanded beyond traditional connectivity services into advanced domains, including:

• Cybersecurity solutions

• Managed IT services

• Internet of Things (IoT)

• Mission-critical communications

• Integrated ICT infrastructure

This diversification has been supported by specialized subsidiaries operating in infrastructure, software, and international markets.

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🔄 Strategic Restructuring and Acquisition Timeline

The Supernet merger Pakistan is part of a broader restructuring strategy within the group. Key developments include:

• Acquisition of Hallmark Company Limited by Supernet Infrastructure Solutions in 2023

• Acquisition of STL by Telecard Limited

• Telecard becoming the majority shareholder of Supernet Limited

These steps paved the way for consolidating operations under a single listed entity.

🏢 Post-Merger Ownership Structure

After the merger, Telecard Limited will hold approximately 61.7% ownership in STL, making it the controlling shareholder of the group.

📌 Future Outlook

The Supernet merger Pakistan is expected to deliver multiple benefits, including:

• Improved liquidity on the PSX Main Board

• Simplified corporate structure

• Stronger financial position

• Enhanced growth opportunities in telecom and ICT sectors

With a unified platform, STL is now better positioned to expand its footprint and deliver next-generation digital and connectivity solutions across Pakistan.