Supernet Limited, a subsidiary of Telecard Limited, has officially merged into Supernet Technologies Limited (STL) following approval from the Sindh High Court, the company announced.
As a result of the merger, all assets, liabilities, and operations of Supernet Limited are now integrated into STL, which will continue to trade on the Pakistan Stock Exchange under the symbol “STL.” STL will issue new shares to existing STL shareholders as well as Supernet Limited shareholders, increasing its paid-up capital to approximately Rs 1.076 billion. Telecard Limited will hold a controlling 61.7% stake in the merged entity.
The consolidation is part of a wider restructuring within the Supernet Group aimed at unifying its technology and digital services under a single platform. Founded in 1995, Supernet Limited has been a major provider of nationwide data connectivity and digital infrastructure, with a presence in over 200 cities and towns. Its operations span cybersecurity, managed services, IoT, and integrated ICT solutions.
The Sindh High Court sanctioned the scheme of arrangement, allowing the merger to proceed. Analysts say the move is expected to strengthen STL’s market position and operational efficiency, providing an opportunity to offer more comprehensive digital solutions to clients while improving governance and investor visibility.
