Shifa International approves winding-up proposal for subsidiary

Shifa International Hospitals Limited SHFA has approved the initiation of voluntary winding-up proceedings for its subsidiary, Shifa Development Services (Private) Limited. The board made the decision at a meeting held on 10 November 2026.

The proposed winding-up is subject to approval by the subsidiary’s shareholders. An extraordinary general meeting has been scheduled for 5 December 2026, when shareholders will consider a special resolution on the winding-up and the appointment of a liquidator to oversee the process. The resolution may be passed if shareholders deem it appropriate.

The board acted under the applicable provisions of the Companies Act, 2017. The meeting will consider both the proposed winding-up and the appointment of a liquidator, rather than treating either step as completed.

Shifa International Hospitals was incorporated as a private limited company on 29 September 1987 under the Companies Ordinance, 1984, and converted into a public limited company on 12 October 1989. Its principal activity is establishing and operating medical centres and hospitals in Pakistan.

The company also runs medical centres, pharmacies and laboratory collection points in different cities in Pakistan.