ISLAMABAD: Shifa International Hospitals Limited has announced plans to voluntarily wind up its subsidiary, Shifa Development Services (Private) Limited, subject to shareholder approval.
In a notice submitted to the Pakistan Stock Exchange (PSX) on Wednesday, the company said the subsidiary’s board of directors had approved initiating voluntary winding-up proceedings at a meeting held on November 10, 2026.
The decision was taken under the relevant provisions of the Companies Act, 2017.
Following the board’s recommendation, the subsidiary has scheduled an extraordinary general meeting (EOGM) for December 5, 2026.
Shareholders will consider a special resolution to approve the voluntary winding up of Shifa Development Services and appoint a liquidator to oversee the process.
Shifa International Hospitals was incorporated on September 29, 1987, as a private limited company under the repealed Companies Ordinance, 1984. It converted into a public limited company on October 12, 1989.
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The company’s principal business involves establishing and operating medical centres and hospitals across Pakistan. It also operates medical centres, pharmacies and laboratory collection points in several cities.
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