Lahore: Ghani Global Holdings Limited has scheduled its 17th Annual General Meeting (AGM) for October 26, 2024, at its Model Town extension office in Lahore. The meeting will focus on several significant business resolutions, including potential divestitures and enhancements in cross-corporate guarantees to its subsidiaries.

The company plans to discuss the audited financial statements for the fiscal year ending June 30, 2024, and will seek shareholder approval to reappoint its auditors, M/S ShineWing Hameed Chaudhri & Co. Additionally, the meeting will include proposals for increasing corporate guarantees to Ghani Chemical Industries Limited by Rs. 500 million, boosting the total to Rs. 1,500 million.

According to information available from the Pakistan Stock Exchange (PSX), Ghani Global also intends to divest its holdings in Kilowatt Labs Technologies Limited, a wholly-owned subsidiary, aiming to sell 50,000 ordinary shares at a strategic price.

These moves are part of Ghani Global's broader strategy to optimize its financial resources and enhance shareholder value. The decisions made in the upcoming AGM are expected to have significant implications for the company’s future operations and financial alignment.