Shifa International Hospitals credits 78,860 shares under SMCI merger
MG News | October 15, 2026 at 09:21 AM GMT+05:00
October 15, 2026 (MLN): Shifa International Hospitals Ltd (PSX:SHFA)
has credited 78,860 ordinary shares of Rs10 each into the Central Depository
System (CDS) accounts of the eligible shareholders of Shifa Medical Centre
Islamabad (Pvt) Ltd (SMCI) under the sanctioned scheme of arrangement for their
merger, raising its paid-up capital to Rs632.93mn.
The scheme provides for the merger and
amalgamation of SMCI with and into SHFA.
The allotment lifts the company’s
issued, subscribed and paid-up share capital from Rs632,143,830 to
Rs632,932,430. The number of ordinary shares of Rs10 each rises from 63,214,383
to 63,293,243.
Under the terms of the scheme, SMCI
stands dissolved without winding up following the allotment and issuance of the
shares to its eligible shareholders.
The disclosure follows earlier filings
dated October 27, 2025, on the board’s approval of the scheme, and July 16,
2026, on its sanction by the Islamabad High Court in Companies Original No. 02
of 2026.
The aforementioned information was
disseminated through a notification to Exchange.
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