Lahore, October 7, 2026: Pace (Pakistan) Limited has announced a major investment and divestment plan following approval from its Board of Directors, according to a material information notice submitted to the Pakistan Stock Exchange (PSX) dated October 2, 2026. 284330
The company’s Board has approved an equity investment of up to Rs1.5 billion in Ever Green Water Valley (Pvt.) Ltd., an associated company of Pace Pakistan. The investment will be made in accordance with the applicable provisions of the Companies Act, 2017, and will remain subject to the necessary shareholder and corporate approvals.
Alongside the proposed investment, Pace Pakistan has also approved the divestment of 73,861,873 ordinary shares, representing a 15.40% stake in Pace Barka Properties Limited, another associated company.
According to the company’s disclosure, the shares will be sold to First Capital Securities Corporation Limited or another prospective buyer in the market at a fair value. The final terms and conditions of the transaction will be determined in accordance with applicable law and in a manner considered to be in the best interest of the company. The divestment is also subject to the required shareholder and corporate approvals. 284330
The proposed transactions represent a strategic move by Pace Pakistan to allocate capital toward Ever Green Water Valley while simultaneously reducing its holding in Pace Barka Properties Limited. The company has emphasized that both decisions are subject to the necessary regulatory and shareholder processes.
The announcement was made under Sections 96 and 131 of the Securities Act, 2015, and Regulation 5.6.1 of the Rule Book of PSX. The company requested the Pakistan Stock Exchange to disseminate the information to its members.
For investors, the proposed Rs1.5 billion equity investment and the planned divestment of the 15.40% stake will be important developments to monitor as Pace Pakistan proceeds through the required approval process.
Source: Material Information notice issued by Pace (Pakistan) Limited to the Pakistan Stock Exchange on October 2, 2026. 284330
