Karachi, In a significant development, Pakistan Aluminium Beverage Cans Limited has successfully completed the relocation of its registered office, following the approval of special resolutions by shareholders during an Extra Ordinary General Meeting held on June 23, 2023, in Islamabad. The Securities and Exchange Commission of Pakistan (SECP) has officially sanctioned this move under Section 32 of the Companies Act 2017.
The company's registered office has been relocated from PHA Flat No. 04, Block No. 12, G-8 / 4, Islamabad, to a new address at Plot number 29 & 30, M-3 Industrial City, Main Boulevard, Sahianwala, Faisalabad, Punjab. This strategic move reflects the company's commitment to its growth and expansion plans, aligning its operations with the industrial landscape of Punjab.
Moreover, as part of this transition, Clause II of the Memorandum of Association of Pakistan Aluminium Beverage Cans Limited has been updated to specify the company's presence in the province of Punjab. This amendment solidifies the company's legal standing in its new location and aligns with its operational activities in the region.
The relocation of the registered office marks a significant milestone for Pakistan Aluminium Beverage Cans Limited and signifies its readiness to continue its operations from its new base in Faisalabad, Punjab. Shareholders, regulatory authorities, and stakeholders are monitoring this development closely, recognizing the company's strategic adaptation to better serve its customers and partners in the region.