Lahore: The board of directors of Ghani Chemical Industries Limited convened for their first meeting since the election of directors on November 4, 2025, and announced several key decisions regarding leadership appointments and remunerations.
The board re-appointed Mr. Masroor Ahmad Khan as Chairman and Hafiz Farooq Ahmad as Chief Executive Officer (CEO) of the company. Furthermore, the board has decided to increase the monthly remuneration for both the CEO and the Executive Director, Mr. Atique Ahmad Khan, from Rs.1,450,625 to Rs.2,000,000. This marks the first increase in their pay since the company was listed on the Pakistan Stock Exchange in November 2022.
According to information available from the Pakistan Stock Exchange (PSX), the company’s strategic decisions also included the establishment of several board committees to enhance governance and oversight. These committees include the Nomination Committee, the Audit & Risk Management Committee, and the HR&R and Compensation Committee.
Additionally, the board appointed Mr. Muhammad Zubair Siddiqui as President of the Company and its affiliated entities. Mr. Siddiqui, who brings over 25 years of international leadership experience from his tenure at Linde plc, is expected to lead the group toward further growth.
The board’s decisions have been communicated to the certificate holders of the exchange, reflecting the company’s focus on strengthening its leadership and governance structures.