Lahore: The shareholders of Ghani Chemical Industries Limited (GCIL) have unanimously approved a significant corporate restructuring plan involving the demerger and merger of several associated entities. The decision was made during an Extra Ordinary General Meeting held on November 23, 2024, chaired by appointees of the Lahore High Court.

The approved Scheme of Compromise, Arrangement, and Reconstruction involves the demerger and merger of Ghani Chemical Industries Limited with Ghani ChemWorld Limited and Ghani Products (Private) Limited. This resolution was passed under the provisions of Section 279 to 283 of the Companies Act, 2017, along with other applicable provisions.

According to information available from the Pakistan Stock Exchange (PSX), this restructuring aims to streamline operations and enhance corporate efficiency. Stakeholders and TRE Certificate Holders of the Exchange are advised to take note of the approved changes.