Shifa International Hospitals credits 78,860 shares under SMCI merger

Mettis Global reported that Shifa International Hospitals Ltd has issued 78,860 new shares, each with a face value of Rs10, to eligible holders of Shifa Medical Centre Islamabad (Pvt) Ltd (SMCI). The shares were placed in the CDS accounts of these shareholders as part of a merger that brings SMCI into the listed hospital operator. After the allotment, the company's paid-up capital rises to Rs632.93mn.

The allotment moves the total share count from 63,214,383 to 63,293,243, and the paid-up capital from Rs632,143,830 to Rs632,932,430. Under the scheme, SMCI is dissolved without being wound up once the new shares reach its eligible shareholders. The step follows a board approval recorded on October 27, 2025, and a sanction granted by the Islamabad High Court on July 16, 2026, in Companies Original No. 02 of 2026.

The company made the disclosure through a notification to the Exchange. The filing confirms that the merger has reached its share issuance stage, lifting SHFA's share count by 78,860.