PACE · Pace (Pakistan) Limited
Notice of Resolution Under Section 140(2) of the Companies Act, 2017
- Filed
- 9 October 2026 at 9:10 am
- Category
- Other
- Sentiment
- Neutral
- Impact
- Medium
AI executive summary
W.S Engineering (Pvt.) Limited, a 9.64% shareholder of Pace (Pakistan) Limited, has given notice of a resolution under Section 140(2) of the Companies Act, 2017 to be considered at the upcoming meeting on October 28, 2026. The resolution seeks to ratify and approve related-party transactions for the year ended June 30, 2026, and authorize the CEO to execute transactions in the ordinary course of business for the year ending June 30, 2027.
Key takeaways
- Notice given by a 9.64% shareholder under Section 140(2) of the Companies Act, 2017.
- Aims to ratify related party transactions for the year ended June 30, 2026.
- Proposes to authorize the CEO for ordinary course related party transactions for the year ending June 30, 2027.
- Brought to members due to lack of quorum at the board level resulting from director interest.
- #shareholder
- #resolution
- #related-party
- #agm
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.