Telecard Limited, listed on the Pakistan Stock Exchange under the ticker TELE, has received board approval to invest up to Rs. 564.12 million in a potential rights issue by its subsidiary Supernet Technologies Limited, in a move that signals continued financial backing from the parent company for one of Pakistan’s established players in technology infrastructure, cybersecurity, managed services, and digital solutions.
According to a notice submitted to the Pakistan Stock Exchange, the decision was passed through a board resolution via circulation on June 5, 2026, in line with Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1 of the PSX Rule Book. The investment is directly linked to Supernet Technologies Limited’s planned rights issue, which the subsidiary had earlier disclosed on June 1, 2026, with Telecard intending to participate at a maximum subscription price of Rs. 10 per share.
The company clarified that the proposed investment remains subject to necessary approvals under Section 199 of the Companies Act, 2017, including consent from Telecard’s shareholders, for which an Extraordinary General Meeting will be convened, with full details to be announced at a later stage. Telecard also authorised its management to take all necessary steps to facilitate the process and ensure compliance with applicable regulatory requirements. The requirement for shareholder approval through an Extraordinary General Meeting reflects the scale of the proposed outlay relative to the company’s capital structure and the standard governance framework that governs related-party investments by listed companies on the Pakistan Stock Exchange.
The development is significant for investors as it indicates Telecard’s intention to maintain and strengthen its strategic investment in Supernet Technologies Limited, which operates in Pakistan’s technology, communications infrastructure, cybersecurity, managed services, and digital solutions space. Supernet Technologies Limited has been a long-standing presence in Pakistan’s enterprise technology sector, and Telecard’s willingness to commit fresh capital through the rights issue underscores the parent company’s confidence in the subsidiary’s capacity for growth at a time when demand for managed technology services and digital infrastructure solutions continues to expand across both the private and public sectors in the country.
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