Karachi: Ghani Chemical Industries Limited (GCIL) has announced the approval of its Demerger/Merger Scheme, which will see the allotment of ordinary shares of Ghani Chemical World Limited (GCWL) to its shareholders. This development follows the Honorary Lahore High Court’s approval and is part of the company’s strategic restructuring efforts.

The company communicated this update in continuation of its previous correspondence, identified as letter no. GCIL/Corp/PSX-BM-1, dated March 17, 2025. The announcement was further disseminated through newspaper advertisements published on March 21, 2025, in the cities of Karachi, Islamabad, and Lahore. These publications served to inform all relevant stakeholders, including the TRE Certificate Holders of the Exchange, about the book closure for the allotment process.

According to information available from the Pakistan Stock Exchange (PSX), this decision marks a significant milestone in GCIL’s corporate strategy, aimed at enhancing shareholder value through the demerger scheme. The approval by the Lahore High Court underscores the legal validation of the restructuring move.

The designated market category for GCIL’s shares will reflect these changes, ensuring that the company’s stocks accurately represent its restructured corporate identity. The strategic demerger is expected to streamline operations and potentially unlock new growth avenues for both GCIL and the newly formed GCWL.