Lahore: The Board of Directors of Ghani Chemical Industries Limited (GCIL) convened on March 17, 2025, to finalize key decisions in line with the sanctioned Demerger/Merger Scheme approved by the Lahore High Court. The meeting, held at 11:30 a.m., outlined significant dates and actions affecting the company's shareholders.

The board established April 04, 2025, as the entitlement date for the allocation of ordinary shares of the newly formed Ghani ChemWorld Limited (GCWL). Shareholders of GCIL will receive GCWL shares at a swap ratio of 1:2, equating to 50 shares of GCWL for every 100 shares of GCIL. The share transfer books will be closed from April 05, 2025, to April 11, 2025, with transfers received by the share registrar, M/s Corplink (Private) Limited, by the close of business on April 04, 2025, qualifying for the new shares.

According to information available from the Pakistan Stock Exchange (PSX), the board also approved the Information Memorandum for GCWL's listing on the PSX. This document will be submitted to facilitate the formal listing process of GCWL.

Furthermore, the board set the allotment date as April 07, 2025, for the issuance of 70.00 million ordinary shares of GCIL to GCWL and 263,960 shares to shareholders of Ghani Products (Private) Limited as part of the Scheme.

These developments mark significant steps in GCIL's strategic reorganization, with the designated market category being the Pakistan Stock Exchange. The shareholders and TRE Certificate Holders of the Exchange have been duly informed to align with these resolutions.