Dawood Lawrencepur Limited (DLL) has issued over 23.7 million new ordinary shares following the completion of a court-sanctioned amalgamation with Cyan Limited and DH Partners Limited, marking a significant corporate restructuring.
The merger, approved by the Islamabad High Court in February 2026, resulted in the absorption of both companies into DLL, with Cyan and DH Partners dissolved without winding up. As part of the arrangement, DLL allotted shares to eligible shareholders of the merged entities based on pre-determined swap ratios.
Under the agreed terms, shareholders of the merged entities received DLL shares in exchange for their existing holdings, with allocations calculated on the basis of shareholding as of the final book closure date. Any fractional entitlements will be aggregated and sold in the market, with proceeds distributed proportionately.
The newly issued shares have been credited electronically through the Central Depository System (CDC), while physical share certificates can be collected through designated share registrar services.
Following the issuance, DLL’s paid-up share capital has increased significantly, rising from approximately Rs593 million to over Rs800 million, reflecting the enlarged capital base after the merger.
The amalgamation consolidates the assets, liabilities and operations of the merged entities under a single structure, aimed at improving operational efficiency and enhancing long-term value for shareholders.
