Telecard Limited (TELE)

Telecard Limited shareholders have approved a resolution at the Extraordinary General Meeting to invest up to PKR 564.12 million in its subsidiary, Supernet Technologies Limited (STL). This investment will be made by subscribing to right shares issued by STL, with the company authorized to use internal cash flows or borrowed funds for this purpose.

Telecard Limited's Board of Directors has recommended an investment of up to PKR 564.12 million in the upcoming rights issue of its subsidiary, Supernet Technologies Limited (STL). This investment is subject to shareholder approval, for which an extraordinary general meeting will be convened.

Telecard Limited has announced an Extraordinary General Meeting (EOGM) to be held on June 29, 2026, to seek shareholder approval for an equity investment of up to PKR 564.12 million in its associated company, Supernet Technologies Limited (STL). The investment is intended to support STL's working capital and growth initiatives through participation in its upcoming rights issue.