Calcorp Limited has announced its intent to acquire 100% of its associate renewable energy subsidiary, Helios Resol Technology (Pvt.) Limited, pending shareholder approval and regulatory clearances. The deal, proposed during a recent board meeting, entails the purchase of all 50,000 voting shares—valued nominally at PKR 100,000 total—equating to PKR 2 per share.
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Helios is a Special Economic Zone (SEZ)-based solar energy start-up with a focus on manufacturing photovoltaic modules, battery systems, and related components. Though not yet operational, it has secured two acres in Bin Qasim Industrial Park—SEZ—and made an initial payment of PKR 35 million to the SEZ Authority. As of the end of June 2025, it has recorded PKR 1.7 million in capital work-in-progress.
Upon becoming operational, Helios will benefit from a ten-year tax exemption under SEZ regulations—underscoring the strategic rationale behind Calcorp’s move to consolidate ownership. The acquisition aligns with Calcorp’s broader ambitions to strengthen its foothold in green energy and emerging technologies.
Calcorp plans to convene an Extraordinary General Meeting to seek shareholder approval and will provide further updates via formal channels. If finalized, the acquisition will reflect a strategic pivot into renewable manufacturing—a forward-looking step in expanding Pakistan’s sustainable energy capacity.
