SYSSystems LtdView SYS share price and chartMixed Signal
Oct 21, 2026, 1:54 PM
Auditor certifies Systems Limited’s share allotment under approved scheme of arrangement
Auditor / CertificateUHF Chartered Accountants issued an auditor’s certificate dated July 31, 2026, for Systems Limited in connection with the approved scheme of arrangement involving the merger of Confiz Limited into Systems Limited. The certificate reports revised paid-up capital of PKR 3,061,965,710, comprising 1,530,982,855 shares. The cancellation of Confiz Limited shares and issuance of Systems Limited shares to Confiz shareholders had not yet been executed by the competent authority as of the certificate date; legal transfer of certain assets and liabilities also remained in progress.
Key Findings
- The certificate relates to the scheme of arrangement sanctioned by the Lahore High Court and approved on May 6, 2026.
- Revised paid-up capital after the proposed merger is PKR 3,061,965,710, represented by 1,530,982,855 shares at a face value of PKR 2 each.
- The auditor states that applicable Companies Act requirements, CDC requirements, and conditions imposed by competent authorities have been complied with in all material respects.
- The legal transfer of title to assets and liabilities is still in progress and is to be completed by the relevant authorities in due course.
- Cancellation of Confiz Limited shares and issuance of Systems Limited shares to its shareholders had not yet been executed by the competent authority.
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.