Lahore: Ghani Global Glass Limited (GGGL) has announced the approval of several significant resolutions during its 19th Annual General Meeting, held on October 27, 2026. The meeting, which addressed both ordinary and special business, saw unanimous consent from shareholders on all agenda items.
In the ordinary business segment, shareholders approved the annual accounts for the financial year ending June 30, 2026. This approval included the Directors' Report, Auditors' Report, and Chairman's Review Report. Additionally, M/s Crowe Hussain Chaudhury & Co., Chartered Accountants, were re-appointed as the company's auditors for the next fiscal term, concluding with the annual general meeting for the year ending June 30, 2027.
The meeting also elected a new board of directors for a three-year term starting October 31, 2026. The elected directors include Mr. Atique Ahmad Khan, Hafiz Farooq Ahmad, Mr. Abdullah Ahmed, Syed Sibtul Hassan Gilani, Mr. Asim Mahmud, Mrs. Saima Shafi Rana, and Sheikh Muhammad Saleem Ahsan.
In the realm of special business, the shareholders approved the enhancement of investment limits in associated companies. The investment in Ghani Global Holdings Limited was increased from Rs. 300 million to Rs. 400 million. The limit for Ghani Chemical Industries Limited was raised from Rs. 400 million to Rs. 500 million, while Ghani ChemWorld Limited saw its investment limit increased from Rs. 200 million to Rs. 300 million. These investments will be executed in the form of Long-Term Running Musharakha, as opposed to loans and advances, and will remain valid for three years.
According to information available from the Pakistan Stock Exchange (PSX), these strategic enhancements in investment limits are aimed at fostering growth and expanding the company's footprint in the market.
The approved resolutions further authorize the Chief Executive Officer and Company Secretary to manage and execute the investments as necessary, including negotiating and finalizing requisite documents and agreements. These measures are part of GGGL's strategy to ensure effective implementation and realization of its corporate objectives.