Hi-Tech Lubricants sets up wholly owned polymer subsidiary

Hi-Tech Lubricants has incorporated Hi-Tech Synthetics and Packages (Private) Limited as a wholly owned subsidiary to house its polymer business, Mettis Global reported. The Securities and Exchange Commission of Pakistan issued the incorporation certificate on October 26, following a restructuring plan disclosed by the company on July 10, 2026.

The new entity will take over the Polymer Business Segment separated from operating subsidiary Hi-Tech Blending (Private) Limited. It has authorized capital of Rs10m and paid-up capital of Rs1m, with Hi-Tech Lubricants holding 99,980 of its 100,000 shares; the remaining 20 are held by two nominee directors for the parent. Both subsidiary board members are also Hi-Tech Lubricants nominees.