Supernet Technologies Limited (STL) has taken a major step in its corporate restructuring by completing the post-merger share allotment following its merger with Supernet Limited (GEMSPNL). More than 107 million new shares have been issued to the shareholders of both companies, marking a significant milestone in STL’s ongoing efforts to simplify its group structure and strengthen its presence on PSX.
The merger, sanctioned by the High Court of Sindh in February 2026, had been in the works for over a year, with multiple updates shared with the PSX since January 2025.
The goal of the merger was to consolidate GEMSPNL into STL, making STL the main listed entity while dissolving GEMSPNL without winding up.
Details of Share Allotment
STL’s board approved the issuance of 5.5 million ordinary shares to its own shareholders, based on the record date of March 25, 2026. Shareholders of GEMSPNL received 101.619 million shares of STL at a swap ratio of roughly 1.68 STL shares for every GEMSPNL share, subject to fractional adjustments.
The new shares have been credited to eligible shareholders through the Central Depository System (CDS), while physical share certificates, where applicable, are being dispatched separately.
With the merger complete, GEMSPNL has been officially delisted from the PSX as of April 1, 2026, while STL continues to trade on the Main Board. Analysts say this consolidation may help streamline STL’s operations and create a clearer structure for investors.
