Secure Logistics – Trax Group Limited (SLG-Trax) has secured overwhelming shareholder approval for its planned acquisition of a FinTech software intellectual property suite, marking a strategic step into digital lending and further growth of its e-commerce services. At an Extraordinary General Meeting held on Thursday, shareholders voted decisively in favour, with 99.98% of the votes supporting the transaction, according to a filing with Pakistan Stock Exchange.
The approved acquisition involves the issuance of 7.94 million ordinary shares at an issue price of Rs21.20 per share to CAPNEXA (Private) Limited in exchange for the software asset, which was independently valued by a registered valuer. The software suite is expected to form the backbone of SLG-Trax’s digital lending platform, enabling its wholly owned subsidiary, LogiServe (Private) Limited, to deliver financial services alongside the company’s existing logistics and e-commerce operations.
This decision follows a series of corporate disclosures dating back to August and October of last year, as well as updates earlier this month, detailing SLG-Trax’s intention to acquire the FinTech platform. With shareholder approval in place, the company now plans to execute definitive agreements and seek the necessary regulatory permissions, aiming to close the transaction within the first quarter of 2026. Management emphasized that this move represents a strategic expansion of its business model, opening a new revenue stream while complementing its core logistics operations.
Voting results revealed that more than 205 million shares were cast during the meeting, with only 40,978 votes recorded against the resolution. Company executives highlighted that the acquisition and subsequent digital lending initiatives are designed to strengthen SLG-Trax’s market position, enhance service offerings, and provide customers with integrated logistics and financial solutions. Analysts view this step as indicative of broader trends in the convergence of logistics, e-commerce, and financial technology, positioning companies like SLG-Trax to leverage digital platforms for scalable growth.
With the FinTech software suite set to integrate into SLG-Trax’s operations, the company expects to roll out digital lending services under LogiServe, facilitating quicker and more accessible financing for e-commerce participants and customers. The initiative underscores the evolving landscape of logistics companies in Pakistan, where digital transformation and cross-sector expansion are increasingly shaping competitive strategies. By combining operational expertise in logistics with advanced financial software, SLG-Trax aims to capture synergies between supply chain management and digital financial solutions, potentially redefining service delivery in the sector.
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