Pace (Pakistan) approves Rs1.5bn investment in Ever Green Water Valley

Pace (Pakistan) Limited, listed on the PSX as PACE, has cleared an equity injection of as much as Rs1,500 million into Ever Green Water Valley (Pvt) Ltd, which is an associated company. In the same decision, the board agreed to sell 73,861,873 ordinary shares, equal to 15.4%, in Pace Barka Properties Limited, another associated firm. Mettis Global reported that both moves were disclosed to the exchange on October 2, 2026.

The Ever Green investment will follow the Companies Act, 2017, with terms left to the board, and it still needs shareholder and corporate approvals. The Pace Barka shares carry a Rs10 par value per share, and the buyer could be First Capital Securities Corporation Limited or another party in the market. Pricing will reflect fair value set under the law and aimed at the company's best interest, and this sale also awaits approvals.

The company's legal basis for the notice was Sections 96 and 131 of the Securities Act, 2015, along with Regulation 5.6.1 of the PSX Rule Book.