Karachi: In a significant development, Calcorp Limited has announced several changes following its Extraordinary General Meeting held on January 22, 2026. The company will undergo a name change to ARM Green Industries Limited, subject to approval from the Securities and Exchange Commission of Pakistan, as part of a series of special resolutions passed during the meeting.
According to the certified resolutions, the name change is contingent upon the issuance of a new Certificate of Incorporation reflecting the new name. Furthermore, the company's Memorandum and Articles of Association will be updated to substitute the name "Calcorp Limited" with "ARM Green Industries Limited" throughout its documentation.
In addition to the name change, the meeting resolved to redefine the company's principal line of business. Calcorp Limited will transition to a general-purpose holding company, focusing on investments in renewable energy equipment and ancillary products, as well as a broad array of securities and intellectual property. This strategic shift aims to position the company for long-term profitability through diverse investments.
Significant alterations to the Articles of Association were also approved. These include provisions for video-link facilities at general meetings, conditional upon geographical dispersal of shareholders. The resolutions stipulate that a quorum for general meetings will require ten members, representing at least 25% of the total voting power, present physically or via video-link.
Furthermore, the directors' remuneration will be determined by the board, and any dividends payable in cash will be disbursed electronically to shareholders’ designated bank accounts. Notices sent by post will be considered served once properly addressed and dispatched, unless proven otherwise.
According to information available from the Pakistan Stock Exchange (PSX), these changes come amid a backdrop of strategic realignment within the company. The resolutions empower the Chief Executive Officer and the Company Secretary to execute all necessary actions to implement these changes, including interactions with regulatory authorities.
Calcorp Limited's decisions reflect a comprehensive restructuring effort designed to enhance operational efficiency and shareholder engagement. The company’s move to facilitate virtual participation in meetings underscores its commitment to inclusivity and modern governance practices.