Supernet Limited merges into Supernet Technologies Limited following SHC sanction

Supernet Limited (GEMSPNL), a wholly owned subsidiary of Telecard Limited, has been merged with and into Supernet Technologies Limited (STL) pursuant to a Scheme of Arrangement sanctioned by the Sindh High Court, resulting in STL becoming the surviving listed entity. Following the merger’s effectiveness, all assets, liabilities, rights, and obligations of Supernet Limited have been vested in STL, read a statement. The merged entity will continue operations under the name Supernet Technologies Limited and will trade on the main board of the Pakistan Stock Exchange (PSX) under the symbol “STL”. “We are pleased to announce that the Honourable High Court of Sindh at Karachi has allowed the petition, and sanctioned the scheme, pertaining to the proposed arrangement, vide order dated February 24, 2026,” STL said in a notice to the PSX on Thursday.