Lahore: Ghani ChemWorld Limited (GCWL) has announced that it will hold its second Annual General Meeting (AGM) on October 27, 2026, at 09:30 a.m. at its registered office in Lahore. The meeting will address a series of ordinary and special business items integral to the company's strategic and operational future.
The agenda for the AGM will begin with the presentation of the Annual Audited Financial Statements for the fiscal year ending June 30, 2026. Shareholders will be invited to review these documents alongside the Directors' and Auditors' Reports. A key item on the agenda will be the reappointment of M/s Ilyas Saeed & Co., Chartered Accountants, who have expressed their willingness to continue as the company's auditors for the financial year ending June 30, 2027.
In the realm of special business, shareholders will deliberate on the disposal of Letters of Rights (LoRs) entitlements related to Class B Tracking Shares of Ghani Chemical Industries Limited (GCIL). This is a significant move under Section 183 of the Companies Act, 2017, as outlined in the attached statement under section 134(3) of the same act.
Further, there will be discussions on increasing investments in several associated companies through long-term running musharakah arrangements. The proposal includes raising investments from Rs. 500 million to Rs. 600 million for Ghani Global Holdings Limited, Ghani Global Glass Limited, and Ghani Chemical Industries Limited. This decision is governed by Section 199 of the Companies Act, 2017.
Additionally, a resolution will be proposed to ratify ongoing and future purchase transactions with Ghani Chemical Industries Limited. This move aims to solidify long-term agreements under Section 208 of the Companies Act, 2017, as detailed in the annexed statements.
According to information available from the Pakistan Stock Exchange (PSX), the meeting is expected to influence the designated market category of Ghani ChemWorld Limited, potentially impacting its market perception and investor relations.
The AGM will also provide an opportunity for shareholders to raise any other business matters with the permission of the Chair, ensuring a comprehensive discussion of the company's strategic direction.