In a move signaling consolidation within Pakistan’s technology sector, Supernet Limited has officially approved its merger with Supernet Technologies Limited (STL), formerly known as Hallmark Company Limited. The decision was disclosed in a notice to the Pakistan Stock Exchange (PSX) on Tuesday, confirming the proposed scheme of amalgamation between the two companies.
Under the approved plan, Supernet’s entire undertaking—including all assets, liabilities, business operations, rights, and obligations—will be absorbed into STL. The merger will effectively dissolve Supernet as a standalone entity, without the need for formal winding-up procedures, leading to its delisting from the PSX. This marks a significant transformation for a company that holds the distinction of being the first technology firm to be listed on PSX’s Growth Enterprise Market (GEM) Board.
As part of the merger arrangement, all outstanding Supernet shares will be canceled, and STL will issue new shares to Supernet’s shareholders, excluding STL itself where it holds shares in the company. The agreed-upon swap ratio stands at approximately 1.68 ordinary shares of STL for every single ordinary share of Supernet held by shareholders. In total, 101,619,475 ordinary shares of STL are expected to be issued under the scheme.
Founded in 1995, Supernet has earned a solid reputation as one of Pakistan’s leading telecommunications service providers and systems integrators, offering a wide array of ICT solutions across sectors. With almost three decades of operational experience, the company has played a pivotal role in providing enterprise-grade network infrastructure, cybersecurity services, and managed solutions, not only in Pakistan but also in various regional markets.
The merger comes at a time when the tech industry globally and locally is experiencing heightened activity in mergers, acquisitions, and strategic alignments to optimize operations, reduce redundancy, and create leaner, more agile enterprises. This corporate integration will enable STL to leverage Supernet’s existing infrastructure, market presence, and expertise, combining the resources of both organizations to drive long-term growth, innovation, and competitive advantage.
From an operational standpoint, the merger is expected to streamline business operations and improve capital efficiency, aligning with broader trends of consolidation in the telecom and IT infrastructure space. For shareholders, the transition to STL shares offers a continued stake in a unified and potentially stronger entity, with opportunities to benefit from synergies created through the merger.
Moreover, the consolidation aligns with Pakistan’s broader digital and economic transformation goals, enabling more robust and scalable companies to emerge as regional players. STL, as the surviving entity, is now strategically positioned to expand its footprint in next-generation technologies, potentially including cloud computing, cybersecurity, enterprise networking, and managed ICT services.
The merger’s successful execution will be watched closely by investors and industry stakeholders alike, as it serves as a litmus test for corporate integration within Pakistan’s evolving tech ecosystem. If executed effectively, this could set a precedent for similar strategic moves in the coming years.
As the sector matures, consolidation strategies like this may become essential to competing in a rapidly digitizing global market, reinforcing the importance of agility, scale, and unified direction in navigating the complexities of the technology landscape.
