Karachi: Waves Corporation Limited has announced a significant expansion in its investment in WAVESAPP following a successful rights issue, according to a report dated August 7, 2026. This move is designed to bolster WAVESAPP's business operations.

The report details that the authorized capital of Waves Corporation Limited remains unchanged at 4.25 billion PKR. Meanwhile, the paid-up capital has seen a substantial increase, rising from 2.68 billion PKR to 4.17 billion PKR, reflecting a 56.00% change, classified as a very large move. Despite these financial adjustments, the production capacity of the company remains constant at 482,500 units.

According to information available from the Pakistan Stock Exchange (PSX), the net asset value per share has experienced a decrease, falling from 30.22 PKR to 23.98 PKR, a decline of 20.65%, which is categorized as a very large move. The rights issue by WAVESAPP amounted to 56.00%, with Waves Corporation Limited subscribing to 51,520,280 shares at a price of 10 PKR per share. The investment required by the corporation for this endeavor totals 515.20 million PKR.

Post-rights issue, Waves Corporation Limited's shareholding in WAVESAPP has increased to 57.90%, up from the pre-rights percentage of 34.34%. The total investment by Waves Corporation Limited in WAVESAPP, including both the rights entitlement and the unsubscribed portion, amounts to 3.70 billion PKR.

The Board of Directors of Waves Corporation Limited has expressed its commitment to subscribe to any unsubscribed portion of the rights issue, beyond its initial entitlement. This commitment is contingent upon fulfilling necessary corporate and regulatory formalities, underscoring the company's strategic support for WAVESAPP as it navigates its business operations.