Karachi, Ghani Glasses Limited informed Karachi Stock Exchange about the board meeting of the company. The agenda of the meeting has approved to issue 70% right shares (70 shares for every 100 shares held) is consideration of cash at par value of Rs. 10 per share. The financial projection of Year 1 Profit Rs. 1,800, Year 2 Profit Rs. 2,000 and Year 3 profit Rs. 2,150 and same Paid up capital for three Years are Rs. 219,248,042.
Further, the closed period of the company shall be from December 23 to December 29, 2015.
Ghani Glass Limited is a company incorporated in Pakistan in 1992 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. Ghani Glass is a company of Ghani Group, a business house of South Asia based in Pakistan with interests in containers glass and float glass, automobiles manufacturing/marketing and mining for silica sand, coal and rock salt. The group has experience in the local and International markets, especially in the glass sector. The company features four modern glass plants in Pakistan producing container glass, float glass and value added glass with annual capacity of over 900,000 tons. It is engaged in the business of manufacturing and sale of glass containers and float glass of different types. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges in Pakistan. The registered office of the company is located at Lahore.
The company provides glass containers range in pharmaceutical, food and beverage categories and incessant R&D, innovation and provision of value added glass manufacturing, fulfilling customized demands of local and international customers. GGL is bifurcated into two business units or division. The Float Glass Division includes Clear Glass, Ghani Green Glass, Ghani Brown Glass and Reflective Glass and the Glass Containers Division includes Pharmaceutical glass containers (amber and clear), Beverages glass packaging (flint and green) and Food glass packaging (clear).
The symbol “GHGL” is being used by the stock exchanges for the shares of Ghani Glass Limited.