Karachi: Jubilee Spinning Weaving Mills Ltd. has disclosed ongoing efforts to secure a No Objection Certificate (NOC) from the National Bank of Pakistan (NBP), a pivotal step required for the approval of Form-26 related to the company's name change. The management remains focused on obtaining this certificate, which is the final prerequisite for moving forward with regulatory formalities.

In correspondence addressed to the Pakistan Stock Exchange (PSX) dated April 7, Jubilee Spinning Weaving Mills Ltd. emphasized its commitment to fulfilling the necessary requirements. According to details provided in the letter, the company plans to submit the NOC to the Securities and Exchange Commission of Pakistan (SECP) upon receipt, which will then enable them to apply for a Certified True Copy of the Memorandum of Association.

The company has reassured stakeholders of its dedication to maintaining transparency throughout the process. According to information available from the Pakistan Stock Exchange (PSX), Jubilee Spinning Weaving Mills Ltd. will continue to provide updates on its progress through quarterly reports, as mandated by PSX Regulation 5.11.3 (b).

The company's adherence to regulatory procedures underscores its focus on aligning with market norms and ensuring compliance with all necessary legal and financial stipulations.