Lahore: Ghani Chemical Industries Limited (GCIL) has announced the successful incorporation of G3 Oil & Gas Conversion LLP, a significant development preceding the company's upcoming Extraordinary General Meeting (EOGM) scheduled for October 10, 2026. This announcement was made in accordance with the Securities Act, 2015, and the Rule Book of Pakistan Stock Exchange Limited.

The incorporation of the Limited Liability Partnership (LLP) was completed on October 2, 2026, with the Securities and Exchange Commission of Pakistan, following its initial description as "presently under formation" in the notice of the EOGM dated September 18, 2026. According to information available from the Pakistan Stock Exchange (PSX), this LLP is set to function as the project silo for the Sono Lashari, Jandran, and Maiwand gas projects. Additionally, it will manage the Tracked Business Unit associated with the proposed Class B Tracking Shares.

The notice further outlines that the LLP's formation will enable the proposed investments, guarantees, asset transfers, and related arrangements to proceed, pending the necessary shareholder approvals and other conditions stipulated in the notice. The issuance of Class B Tracking Shares will also be subject to approval at the EOGM and other requisite endorsements.