Lotte Chemical Pakistan Renames Itself

After a resolution passed by members at the company's Extraordinary General Gathering on September 22, lotte Chemical Pakistan Limited (PSX: LOTCHEM) has approved changing its name to Noventra Limited.

Key points

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• The proposed name change is subject to the required approvals and consents under the Firms Act, 2017 and other applicable laws.
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• Under the approved resolution, the authorized capital will growth from 2 billion ordinary shares of Rs.
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Meanwhile, the proposed name change is subject to the required approvals and consents under the Firms Act, 2017 and other applicable laws. Once approved, "Noventra Limited" will replace "Lotte Chemical Pakistan Limited" in the company's Memorandum and Articles of Association. SECP Intends More Insurance Tribunals and Centralized Digital Complaints System.

In practice, the company's members additionally approved a major rise in its authorized share capital from Rs. 20 billion to Rs. 40 billion.

Under the approved resolution, the authorized capital will growth from 2 billion ordinary shares of Rs. 10 each to 4 billion ordinary shares of Rs. 10 each.

For context, the firm authorized its chief executive, chief financial officer and business secretary to complete the required formalities, including filing the amended corporate documents with the Securities and Exchange Commission of Pakistan and other relevant authorities. Stay Connected with ProPakistani.

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In short, lotte Chemical Pakistan Renames Itself is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.