Telecard takes majority control of Supernet Technologies

What's the deal? Telecard LimitedDealroom has a profile for this one. Try Dealroom → has acquired a controlling stake in Supernet TechnologiesDealroom has a profile for this one. Try Dealroom →, lifting its holding to 101,538,975 shares, or 51%. The move was disclosed to the Pakistan Stock ExchangeDealroom has a profile for this one. Try Dealroom → on September 17, 2026, under Regulation 5.6.4. The deal value was not disclosed.

How it happened: Telecard, already a substantial shareholder, executed a right transaction covering 66,367,524 Supernet shares through the Central Depository CompanyDealroom has a profile for this one. Try Dealroom →. That single purchase pushed it past the 50% threshold and into majority ownership.

What else moved: Several Supernet insiders adjusted their positions in the same filing. Chief executive officer Jamal Nasir Khan added 1,848 shares, executive director Waseem Ahmad picked up 924 shares to reach 101,709, and independent director Asad Mujtaba Naqvi took on 924 shares. Company secretary Muhammad Farhan Saeed reported a total holding of 50,000 shares.

The signal: Crossing the 51% mark hands Telecard effective control of Supernet, a shift that typically reshapes board influence and strategic direction. With terms undisclosed, the market will watch how the two Karachi-listed firms align operations under the new ownership structure.

Read more: pakistancompanynews.com

Image credit: Wesley Fryer