Shifa International Hospitals Limited has announced plans to initiate the voluntary winding up of its wholly owned subsidiary, Shifa Development Services (Private) Limited, following a decision by the subsidiary’s Board of Directors.
In a material information notice submitted to the Pakistan Stock Exchange (PSX) on November 11, 2026, the company disclosed that the Board of Directors of Shifa Development Services (Private) Limited decided during its meeting held on November 10, 2026, to commence voluntary winding-up proceedings in accordance with the applicable provisions of the Companies Act, 2017.
According to the disclosure, the decision follows a recommendation from the subsidiary’s Board of Directors. An Extraordinary General Meeting (EOGM) of the subsidiary’s shareholders has been scheduled for December 5, 2026, to consider and, if deemed appropriate, approve a special resolution for the voluntary winding up of the company.
The proposed resolution will also include the appointment of a liquidator to oversee the winding-up process.
Shifa International Hospitals Limited submitted the notification in accordance with Section 96 and Section 131 of the Securities Act, 2015, and Clause 5.6.1 of the Pakistan Stock Exchange Rule Book.
The company has requested the stock exchange to inform the relevant TRE Certificate Holders about the development.
The proposed winding up remains subject to shareholder approval at the scheduled EOGM. Further developments regarding the resolution and appointment of a liquidator are expected following the meeting.
The announcement represents a corporate restructuring development within the Shifa International Hospitals group, although the disclosure does not specify the financial implications of the proposed winding up for the parent company.
