Karachi: In response to a letter dated January 1, 2025, significant progress has been reported regarding the acquisition of a No Objection Certificate (NOC) from the National Bank of Pakistan (NBP). The management is optimistic about obtaining the NOC shortly, which remains the final requisite for the approval of Form-26, essential for the change of the company’s name.

The successful receipt of the NOC will enable the submission to the Securities and Exchange Commission of Pakistan (SECP), followed by an application for a Certified True Copy of the Memorandum of Association. This procedural advancement marks a crucial step in the administrative process that the company is undertaking.

The management has committed to keeping the Pakistan Stock Exchange (PSX) updated on their progress in this regard on a quarterly basis. According to information available from the Pakistan Stock Exchange (PSX), the completion of these formalities is expected to enhance the company’s market position and transparency.

This development falls under the designated market category of regulatory compliance, emphasizing the importance of adhering to statutory requirements for corporate identity management. The ongoing efforts reflect the company’s dedication to fulfilling all necessary legal and administrative obligations efficiently.