Lahore: Ghani Chemical Industries Limited (GCIL) announced the provision of electronic voting and postal ballot options for its shareholders in advance of the 1011th Annual General Meeting (AGM) scheduled for October 28, 2025. This initiative aligns with the Companies (Postal Ballot) Regulations, 2018, as the company aims to facilitate shareholder participation in decision-making processes.
In a notice published on October 7, 2025, GCIL outlined the procedures for both e-voting and postal ballots, enabling shareholders to exercise their voting rights on special business agenda items numbered 5 to 11. The e-voting facility, managed by Digital Custodian Company Limited as the service provider and scrutinized by Nasir Tamil & Co, Chartered Accountants, will be operational from October 24, 2025, 9:00 AM, to October 27, 2025, 5:00 PM.
According to information available from the Pakistan Stock Exchange (PSX), GCIL is classified under the designated market category for its operations. The postal ballot process requires shareholders to submit a duly filled and signed ballot paper, accompanied by a copy of their Computerized National Identity Card (CNIC), to the company’s registered address in Lahore, or via email, by October 27, 2025.
Key resolutions on the agenda include the approval of increased investments in associated companies such as Ghani Global Holdings Limited, Ghani Global Glass Limited, and Ghani ChemWorld Limited, with proposed enhancements ranging from Rs. 300 million to Rs. 2,000 million in long-term loans and advances. Additionally, the issuance of cross-corporate guarantees and the disinvestment of shares in Ghani ChemWorld Limited are up for consideration.
The company also seeks to replace its existing Employee Stock Option Scheme, approved in December 2022, to further align with the latest regulations under the Companies Act, 2017. This strategic move aims to enhance performance, productivity, and employee retention by introducing the Ghani Chemical Industries Limited Employees Stock Option Scheme, 2025.
GCIL, a public limited company listed on the Pakistan Stock Exchange since November 2022, continues to engage shareholders through transparent and regulated voting mechanisms, ensuring compliance with statutory requirements while fostering corporate governance.