HTL incorporates wholly owned subsidiary to house carved-out Polymer Business Segment
Material DisclosureHi-Tech Lubricants Limited reported that SECP issued a Certificate of Incorporation on October 26, 2026, for M/s Hi-Tech Synthetics and Packages (Private) Limited. The new wholly owned subsidiary will house and handle the carved-out Polymer Business Segment. HTL holds 99,980 of the subsidiary’s 100,000 paid-up shares; two nominee directors hold the remaining 20 shares in trust for HTL.
Key Findings
- SECP issued the Certificate of Incorporation on October 26, 2026.
- The new entity is named M/s Hi-Tech Synthetics and Packages (Private) Limited.
- The subsidiary will house and handle the carved-out Polymer Business Segment.
- Authorized share capital is PKR 10,000,000 and paid-up share capital is PKR 1,000,000.
- HTL directly holds 99,980 ordinary shares; two nominee directors hold 10 shares each on HTL’s behalf and in trust.
Disclosure Details
Entities Involved
Hi-Tech Lubricants Limited, M/s Hi-Tech Synthetics and Packages (Private) Limited, Hi-Tech Blending (Private) Limited
Amount
Authorized share capital: PKR 10,000,000; paid-up share capital: PKR 1,000,000
Impact
The newly incorporated wholly owned subsidiary will house and handle the carved-out Polymer Business Segment.
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.
