Lahore, June 15, 2026 — Pace (Pakistan) Limited has announced a significant enhancement of its paid-up capital through the issuance of new shares under Section 83(1)(b) of the Companies Act, 2017. The company has increased its paid-up capital from 309.86 million shares to 450.02 million shares following the allotment of 140.16 million new shares to selected persons and entities.
The newly issued shares were allotted against non-cash consideration, including the conversion of long-outstanding Term Finance Certificates (TFCs), financial liabilities, and a property asset. The transaction was carried out in accordance with the Companies Act, 2017 and the Companies (Further Issue of Shares) Regulations, 2020, after obtaining the necessary regulatory approvals from the Securities and Exchange Commission of Pakistan (SECP).
The shares were issued at Rs. 9.00 per share, representing a 10% discount to the par value of Rs. 10.00 per share. At the time of crediting the shares into the respective CDC accounts on June 12, 2026, the company’s closing market price stood at Rs. 11.53 per share.
The Central Depository Company of Pakistan Limited (CDC) confirmed that the 140.16 million shares were successfully credited into the Central Depository System on June 12, 2026. Following the allotment, CDC records show Pace Pakistan’s total paid-up capital now stands at 450,021,219 shares.
According to the company, the issuance has been completed without a rights offer and complies with all applicable corporate, legal, and regulatory requirements. The newly issued shares will remain subject to a six-month lock-in period and will comply with the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.
This capital restructuring is expected to strengthen the company’s balance sheet by converting liabilities into equity and supporting its long-term financial stability and growth objectives.
