HTL · Hi-Tech Lubricants Limited
HTL Incorporates Wholly Owned Subsidiary Hi-Tech Synthetics and Packages (Pvt) Ltd
Official PSX filing title: Material Information: Incorporation of new wholly owned subsidiary HTSPL
- Filed
- 28 October 2026 at 1:31 pm
- Category
- Material
- Sentiment
- Good
- Impact
- Medium
Executive summary
Hi-Tech Lubricants Limited has announced the incorporation of its new wholly owned subsidiary, Hi-Tech Synthetics and Packages (Private) Limited, following the issuance of the Certificate of Incorporation by the SECP on October 26, 2026. The new subsidiary has an authorized share capital of PKR 10 million and a paid-up capital of PKR 1 million, and it will house the company's carved-out Polymer Business Segment.
Key takeaways
- Incorporation of wholly owned subsidiary Hi-Tech Synthetics and Packages (Pvt) Ltd
- Authorized share capital of PKR 10 million and paid-up capital of PKR 1 million
- New entity will house the carved-out Polymer Business Segment
- SECP issued Certificate of Incorporation on October 26, 2026
- #subsidiary
- #polymer
- #restructuring
- #secp
- #incorporation
Please cross-check with the official PSX filing before making an investment decision.