Lahore: Jubilee Spinning and Weaving Mills Limited is close to securing a crucial No Objection Certificate (NOC) from the National Bank of Pakistan (NBP), a significant step towards the company’s planned name change.

The management has been diligently working to obtain this NOC, which is the final requirement needed for the approval of Form-26, related to the change of the company's name. This update follows an inquiry from the Pakistan Stock Exchange (PSX) received by the company on July 2, 2024, and responded to on July 4, 2024.

According to information available from the Pakistan Stock Exchange (PSX), once the NOC is obtained, the company will immediately proceed with submitting it to the Securities and Exchange Commission of Pakistan (SECP). Following this, Jubilee Spinning and Weaving Mills will apply for a Certified True Copy of the Memorandum of Association from the SECP.

In the interim, the company has committed to continuously updating the PSX on its progress, adhering to the requirements set forth under PSX Regulation 5.11.2(b).