Ghani Chemical Industries Limited Announces 11th Annual General Meeting with Key Resolutions

Lahore: Ghani Chemical Industries Limited (GCIL) has scheduled its 11th Annual General Meeting (AGM) for Tuesday, October 27, 2026, at 10:45 AM. The meeting will take place at the company's registered office located at 10-N, Model Town Extension, Lahore. The agenda includes a mix of ordinary and special business items to be addressed by stakeholders.

Among the ordinary business to be discussed is the adoption of the company's Annual Audited Financial Statements for the fiscal year ending June 30, 2026, alongside the Directors' and Auditors' Reports. The re-appointment of M/s ShinWing Hameed Chaudhri & Co., Chartered Accountants, as auditors for the upcoming fiscal year will also be considered, with their remuneration set to be fixed. The meeting will conclude with any other business matters introduced with the Chair's permission.

The AGM will also focus on several special resolutions aimed at increasing investments in associated companies. Notably, GCIL plans to augment its investment in Ghani Global Holdings Limited from Rs. 300 million to Rs. 500 million through a long-term running musharakah. Similarly, investments in Ghani Global Glass Limited and Ghani ChemWorld Limited are proposed to rise to Rs. 2,000 million and Rs. 2,500 million, respectively. Additionally, a new investment of up to Rs. 100 million in Ghani Gases (Private) Limited is proposed.

Further special resolutions include the issuance of cross corporate guarantees. These guarantees involve Rs. 300 million for Ghani Global Holdings Limited, Rs. 500 million for Ghani Global Glass Limited, and Rs. 200 million for Ghani Gases (Private) Limited. These guarantees are intended to secure financing facilities from banks.

The AGM will also seek approval for previously executed sale transactions with Ghani ChemWorld Limited and the establishment of a long-term sale/purchase agreement with the same associated company.

According to information available from the Pakistan Stock Exchange (PSX), Ghani Chemical Industries Limited continues to operate within the designated market category, focusing on chemical production and associated investments. The meeting's agenda reflects the company's strategic initiatives to expand its financial commitments and strengthen its corporate structure through associated ventures and guarantees.