Karachi: Jubilee Spinning Weaving Mills Ltd has announced its ongoing efforts to secure a No Objection Certificate (NOC) from the National Bank of Pakistan (NBP), a crucial step in the company's quest to change its name. The management is optimistic about receiving the NOC shortly, as it remains the final requirement for the approval of Form-26, which is necessary for the name change process.

The company, in its progress report dated January 15, 2026, highlighted the steps being taken to fulfill the regulatory requirements as communicated in the letter reference # PSX/Gen-34 dated January 06, 2026. It further emphasized its commitment to compliance, stating that upon receipt of the NOC, it will promptly submit the document to the Securities and Exchange Commission of Pakistan (SECP). Following this, an application for the Certified True Copy of the Memorandum of Association will be made to the SECP.

According to information available from the Pakistan Stock Exchange (PSX), Jubilee Spinning Weaving Mills Ltd is adhering to the designated market category regulations. The company has assured stakeholders that it will continue to submit quarterly progress reports within the prescribed timeline, in alignment with PSX Regulation 5.11.1(b).

The management's proactive approach in engaging with NBP and its commitment to regulatory compliance reflects its dedication to achieving the company's objectives efficiently. The anticipated receipt of the NOC marks a significant step forward in the company's administrative processes.