Supernet Technologies Limited (STL) has completed the share allotment process following its merger with Supernet Limited (GEMSPNL). The High Court of Sindh approved the Scheme of Arrangement on February 24, 2026. STL’s board has allotted over 107 million ordinary shares, including 101.619 million to GEMSPNL shareholders, based on a swap ratio of approximately 1.68 STL ordinary shares for each GEMSPNL share. Eligible shareholders will receive shares in book-entry form credited to their accounts with the Central Depository System, while physical certificates will be dispatched where applicable.

Following its formal delisting from the Pakistan Stock Exchange on April 1, 2026, GEMSPNL will dissolve, while STL will continue to trade on the Main Board. This merger aims to streamline STL’s group structure and enhance its strategic direction.