Lahore: In a strategic maneuver, Pace (Pakistan) Limited's Board of Directors has announced its decision to make a significant equity investment in Ever Green Water Valley (Pvt.) Ltd, a company associated with Pace. The board has approved an investment of up to Rs. 1.50 billion, as stated in their latest report released on October 2, 2026. This move will be executed in compliance with the provisions of the Companies Act, 2017, and is contingent upon obtaining the necessary shareholder and corporate approvals.

The investment decision was reached in accordance with Sections 96 and 131 of the Securities Act, 2015, along with Regulation 5.6.1 of the Rule Book of the Pakistan Stock Exchange (PSX). According to information available from the Pakistan Stock Exchange (PSX), the terms and conditions of this equity investment will be determined by the Board of Directors of Pace.

Moreover, the Board of Directors has sanctioned the disinvestment of 73,861,873 ordinary shares, equivalent to 15.40% of the company's stake in Pace Barka Properties Limited, another associated company. These shares, each with a par value of Rs. 10.00, are to be sold to First Capital Securities Corporation Limited or any other potential buyer in the market. The sale will occur at a fair market value, determined in accordance with legal requirements, and subject to necessary shareholder and corporate approvals.

These developments reflect a strategic shift in the company's investment portfolio, aimed at optimizing shareholder value and aligning with the board's long-term objectives. The market is keenly observing the impact of these decisions on Pace (Pakistan) Limited's financial and operational performance. This announcement places the company within the designated market category of significant equity transactions.