In a major corporate development aimed at strengthening operational efficiency and enhancing shareholder value, Supernet Limited has officially approved a merger with its sister concern, Supernet Technologies Limited (STL). The board of directors greenlit the merger during a meeting held on May 27, 2025, marking a significant milestone in the strategic consolidation of the two technology companies.
This decision follows an earlier disclosure made in January 2025, when Supernet first signaled its intention to explore a potential merger with STL. The plan, which has now been formalized, will see Supernet Limited’s entire business—including all assets, liabilities, and operations—transferred into Supernet Technologies. In exchange, shareholders of Supernet will be issued shares in STL at a defined exchange ratio.
According to the approved share swap formula, Supernet shareholders will receive approximately 1.68 shares of STL for every 1 share they hold in Supernet. A total of around 101.6 million STL shares will be allocated to facilitate the merger. Upon completion of this transaction, Supernet Limited will cease to exist as a separate entity and will be delisted from the Pakistan Stock Exchange (PSX), although it will not go through a formal winding-up process.
The merger is subject to several key legal and regulatory approvals before it can be finalized. Notably, it requires clearance from the High Court of Sindh in Karachi. A draft Scheme of Arrangement has already been prepared in accordance with the Companies Act, 2017, and will soon be submitted to the court for approval. Once the court and other relevant regulatory bodies sign off, the scheme will be shared with shareholders and the Pakistan Stock Exchange to maintain transparency and compliance with corporate governance laws.
The underlying objective of this merger is to consolidate operational capabilities, align strategic goals, and eliminate redundancy across the two companies. Supernet and STL, both known for their contributions to Pakistan’s technology and telecommunications infrastructure, see this integration as an opportunity to pool their strengths and operate as a more agile, focused, and competitive entity.
Through this corporate unification, STL is expected to benefit from streamlined operations, improved resource allocation, and a stronger market presence. The merger also aims to foster future growth opportunities, particularly in the communications technology sector, where both companies have been actively involved in delivering high-end solutions.
Industry analysts view this move as a strategic effort to unlock synergies that can lead to enhanced innovation, better financial performance, and a more robust operational framework. The resulting entity will be better equipped to respond to the fast-evolving demands of the tech landscape in Pakistan and beyond.
As the companies await the necessary legal approvals, stakeholders and shareholders can expect further updates and disclosures in the coming weeks. Once finalized, the merger between Supernet Limited and Supernet Technologies Limited will represent one of the most noteworthy consolidations in Pakistan’s IT and telecom sector in recent years.
