ARM Green Industries approves formation of corporate group with subsidiary

Mettis Global reported that the board of ARM Green Industries Limited, listed on the PSX as ARMG, has cleared plans to register a corporate group under the Companies Act, 2017. The holding entity in the proposed group would be ARM Green Industries itself, with its subsidiary Helios Resol Technology (Private) Limited sitting beneath it. The move rests on Regulation 138 of the Companies Regulations, 2024.

The directors have also approved an application to register the group with the Securities and Exchange Commission of Pakistan (SECP), to be filed in the manner the regulator prescribes. Either the chief executive or the company secretary can sign and submit the documents needed to complete the registration, acting alone. The company shared these details with the Exchange through a formal notification.