SLG-Trax gets green light for FinTech leap

January 30, 2026 (MLN): The shareholders of Secure Logistics – Trax Group Limited have overwhelmingly approved the company’s proposed acquisition of a FinTech software intellectual property suite.

The move paves the way for SLG-Trax’s entry into digital lending and a deeper expansion of its e-commerce services.

At an Extraordinary General Meeting held on Thursday, shareholders voted 99.98% in favour of the transaction, according to a notice sent to the Pakistan Stock Exchange.

The approval authorizes the issuance of 7.94 million ordinary shares at an issue price of Rs21.20 per share to CAPNEXA (Private) Limited, in consideration for the acquisition of the software asset, which has been valued by a registered valuer.

The deal follows a series of corporate disclosures made in August and October last year and earlier this month, outlining SLG-Trax’s plan to acquire the FinTech platform and commence digital lending through LogiServe (Private) Limited, its wholly owned subsidiary.

With shareholder consent secured, the company said it will now move to execute definitive agreements and obtain the necessary regulatory approvals, with a targeted closing in the first quarter of 2026.

Management views the initiative as a strategic expansion of SLG-Trax’s e-commerce business line, positioning digital lending as a new income stream alongside its core logistics operations.

Voting results showed more than 205 million shares cast, with just 40,978 votes recorded against the resolution.

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