Lahore: Ghani Chemical Industries Limited has announced that its 9th Annual General Meeting (AGM) is scheduled for October 26, 2024, at Lahore. The meeting aims to review the audited financial accounts for the year ended June 30, 2024, and discuss significant investment increments in its subsidiaries, according to the official notice published.

Key items on the agenda include the approval of the annual audited accounts and the reappointment of auditors M/S ShineWing Hameed Chaudhri & Co., with both the directors and auditors offering themselves for another term. Additionally, the AGM will cover proposals to increase investments in two key subsidiaries.

According to information available from the Pakistan Stock Exchange (PSX), Ghani Chemical Industries is considering a proposal to enhance its investment in Ghani Global Holdings from Rs. 100 million to Rs. 200 million. Another proposal involves increasing investment in Ghani Global Glass from Rs. 900 million to Rs. 1300 million, pending shareholder approval through special resolutions under Section 199 of the Companies Act, 2017.

These financial maneuvers are aimed at strengthening the company's market position and ensuring sustainable growth in the face of evolving industry demands.