SLG-Trax shareholders approve FinTech software acquisition with 99.98% majority

Secure Logistics – Trax Group Limited (SLG-Trax) has received overwhelming shareholder approval for the acquisition of a FinTech software intellectual property suite, paving the way for the company’s entry into digital lending.

In a notice issued to the Pakistan Stock Exchange on Friday, the company said shareholders approved the proposal at an Extraordinary General Meeting held on January 29, with 99.98% of votes cast in favour.

The acquisition relates to a previously announced transaction involving a FinTech software IP suite and the commencement of digital lending operations through LogiServe (Private) Limited, a wholly owned subsidiary of SLG-Trax.

Following the approval, the company said it will proceed with the execution of definitive agreements and seek the required regulatory approvals, with the aim of closing the transaction within the first quarter of 2026.

SLG-Trax said the initiative is intended to strengthen its e-commerce business line and add digital lending as a new revenue stream, in line with disclosures made in earlier corporate announcements.