Lahore: Ittehad Chemicals Limited, a prominent player in the chemical sector, announced on March 16, 2026, the approval of a substantial long-term investment plan totaling Rs. 1.00 billion in Biostacks (Private) Limited, an associated company. This decision was made through a postal ballot, wherein shareholders assented to the resolution, marking a significant move in the company’s strategic investment initiatives.

The resolution was passed in accordance with Section 199 and Section 208 of the Companies Act, 2017, alongside all other relevant legal provisions. This strategic investment is set to span a period of five years from the date of its approval, enabling Ittehad Chemicals to leverage potential growth opportunities within Biostacks.

According to information available from the Pakistan Stock Exchange (PSX), the investment is structured to allow the company’s authorized officers, including the Chief Executive, Executive Directors, and the Chief Financial Officer, to singly execute and manage the investment decisions. These officers are empowered to undertake necessary actions, execute documents, and fulfill legal requirements to ensure the successful implementation of the resolution.

The market category for this announcement falls under the designated sector for chemical investments, showcasing the company’s commitment to enhancing its portfolio and capitalizing on synergistic ventures within the industry.