Karachi: Ghani Chemical Industries Limited (GCIL) has announced an addition to its agenda for the upcoming Annual General Meeting (AGM), scheduled for October 28, 2025. This addition involves a significant financial decision aimed at supporting its holding company, Ghani Global Holdings Limited (GGL), through the issuance of cross corporate guarantees.

The proposal was put forward by GGL, a substantial shareholder in GCIL, as per a Notice of Resolution dated October 16, 2025. The agenda item seeks to approve the issuance of cross corporate guarantees up to Rs. 500 million for GGL. The guarantees are intended to secure financing facilities from banks for GGL, with the resolution to be passed under Section 199 of the Companies Act, 2017.

According to information available from the Pakistan Stock Exchange (PSX), the meeting will consider this agenda item as Agenda Item No. 11, as communicated through GCIL's letter No. GCIL/Corp/PSX-10 dated October 6, 2025. The proposed resolution emphasizes the need for shareholder approval to execute the financial strategy, which includes the Chief Executive and Company Secretary of GCIL being authorized to manage and implement the necessary corporate and legal formalities.

The financial disclosures accompanying this resolution highlight the relationship between GCIL and GGL, noting that GGL is the holding company with common directorship. The financial statements for the period ending June 30, 2025, reveal a profit and loss account with net sales of Rs. 95,652,000 and a gross profit of Rs. 1,217,000. The proposal aims to meet the security requirements of bank financing for GGL.

This development marks a strategic move for GCIL as it seeks to leverage its financial capabilities to support its parent company, ensuring continued growth and stability within the designated market category.