lahore: The Board of Directors of Ghani Chemical Industries Limited (GCIL) announced a strategic decision during their meeting on June 19, 2026. After careful consideration, the Board chose not to subscribe to a 400% Right Issue proposed by its wholly owned subsidiary, Ghani Gases (Private) Limited.

The decision is rooted in the ongoing pursuit and assessment of strategic investment opportunities by GCIL, including a prospective joint venture project in Daharki, Sindh, in collaboration with a prominent gas exploration company. The Board has prioritized these endeavors over the immediate subscription to the Right Issue, aligning with the company's current investment focus.

According to information available from the Pakistan Stock Exchange (PSX), this move allows the Board of Directors of Ghani Gases (Private) Limited to manage and distribute the entitlement as deemed appropriate under the prevailing legal and regulatory framework.

The Board's authorization enables Ghani Gases to allocate the Right Issue in a manner that aligns with its strategic and operational objectives, reflecting GCIL's broader investment strategy. This decision underscores GCIL's commitment to exploring investment avenues that promise substantial growth and align with its long-term goals in the gas industry.