Shifa International Hospitals Limited (SIHL) has announced the completion of the share allotment process following the merger of Shifa Medical Centre Islamabad (Private) Limited (SMCI) with and into Shifa International Hospitals Limited. The development marks an important step in implementing the approved Scheme of Arrangement between the two healthcare companies.
In a disclosure dated October 15, 2026, Shifa International Hospitals informed the Pakistan Stock Exchange (PSX) that the shares allocated to eligible shareholders of Shifa Medical Centre Islamabad had been credited to their respective accounts in book-entry form through the Central Depository System (CDS) maintained by the Central Depository Company of Pakistan Limited (CDC).
Share Allotment Completed Under Court-Approved Scheme
According to the company’s announcement, the merger was carried out under a Scheme of Arrangement sanctioned by the Islamabad High Court in Companies Original No. 02 of 2026. The share allotment followed the completion of the required corporate, legal, and procedural formalities.
Under the approved arrangement, eligible shareholders of Shifa Medical Centre Islamabad, other than Shifa International Hospitals Limited and its nominees, received shares in SIHL according to the prescribed swap ratio. The newspaper notice published on October 15 states that shareholders received one ordinary share of SIHL for every 0.032 shares of SMCI held by them, based on the applicable record date of July 1, 2025.
The company confirmed that the shares were credited to eligible shareholders’ accounts on October 13, 2026.
Increase in Issued Share Capital
Following the allotment, Shifa International Hospitals Limited’s issued, subscribed, and paid-up share capital increased from PKR 632,143,830 to PKR 632,932,430.
The total number of ordinary shares increased from 63,214,383 to 63,293,243, with each share carrying a face value of PKR 10.
The additional shares reflect the implementation of the merger arrangement and the transfer of share entitlements to eligible shareholders of the merged entity.
Dissolution of Shifa Medical Centre Islamabad
As part of the sanctioned Scheme of Arrangement, Shifa Medical Centre Islamabad (Private) Limited stands dissolved without winding up following the allotment and issuance of shares to its eligible shareholders.
The announcement represents the completion of a key procedural stage in the merger, bringing the shareholding arrangements in line with the approved scheme.
Information for Shareholders
Shifa International Hospitals has advised shareholders who require further information or clarification regarding their share entitlements to contact the company’s share office in Islamabad or its share registrar, Corplink (Private) Limited, in Lahore.
The company has also requested the relevant TRE Certificate Holders of the Pakistan Stock Exchange to inform their clients accordingly.
Conclusion
The completion of the share allotment process marks a significant milestone in the merger of Shifa Medical Centre Islamabad with Shifa International Hospitals Limited. With the shares credited to eligible shareholders and the company’s paid-up capital updated, the transaction has progressed through the principal steps outlined in the approved Scheme of Arrangement.
The development is relevant to shareholders and market participants following corporate restructuring activities and regulatory disclosures on the Pakistan Stock Exchange.
