Supernet Technologies Limited (PSX: STL) has successfully completed a key stage in its corporate reorganization, issuing over 107 million ordinary shares following the merger of Supernet Limited (GEMSPNL) into STL. The merger scheme, sanctioned by the High Court of Sindh at Karachi on February 24, 2026, represents a significant consolidation within the Supernet group.
Read More: STL Advances GEMSPNL Merger with Major Share Allotment Following Court Sanction
The share swap structure was implemented based on the court-approved scheme, with eligible shareholders receiving their respective allocations as of the record date of March 25, 2026.
Share Swap Ratios
| Shareholder Group | Swap Ratio |
|---|---|
| STL Shareholders | 11 STL shares for every 1 share held |
| GEMSPNL Shareholders | 1.68 STL shares for each GEMSPNL share |
Capital Structure Update
Following completion of the allotment process, the company’s paid-up share capital has increased to Rs1.076 billion, comprising 107.62 million ordinary shares of Rs10 each. The newly issued shares have been credited in book-entry form through the Central Depository Company of Pakistan Limited (CDC), with physical certificates dispatched where applicable.
Post-Merger Status
With the merger finalized, GEMSPNL has been formally delisted from the Pakistan Stock Exchange and stands dissolved without winding up. STL will continue to trade on the Main Board of the PSX, operating as the surviving entity.
Strategic Rationale
The merger is part of STL’s ongoing strategy to streamline its corporate structure and consolidate operations under a single Main Board-listed entity. By absorbing GEMSPNL, the company aims to simplify its group structure, reduce administrative complexity, and create a more efficient platform for future growth.
The combined entity is expected to be monitored for its potential impact on STL’s operational efficiency and strategic growth initiatives.
About Supernet Technologies Limited
Supernet Technologies Limited (PSX: STL) is a Pakistan-based company engaged in technology and investment activities. The company derives a significant portion of its earnings from investments in associate companies while pursuing operational opportunities in the technology sector.
About Supernet Limited (GEMSPNL)
Supernet Limited (GEMSPNL) was a group company that has now been merged into Supernet Technologies Limited as part of the corporate reorganization approved by the High Court of Sindh.
