Lahore: Ghani Chemical Industries Limited (GCIL) announced on Tuesday that its Board of Directors has approved a substantial equity investment of Rs. 1.86 billion in GHG Emissions Mitigation Limited (GEM). This decision, made during a board meeting held on April 28, 2026, aims to establish a pioneering project in Pakistan. The initiative will focus on capturing and processing cold-vent/exhaust gases from the Sachal Gas Processing Complex (SGPC) to produce 80,000 tons of liquefied natural gas (LNG) and 55,000 tons of industrial and food-grade carbon dioxide (CO2) annually. This investment is subject to approval from GCIL’s shareholders.

To facilitate this approval, GCIL plans to hold an Extra-Ordinary General Meeting (EOGM) in Lahore on June 02, 2026. The company’s Share Transfer Books will remain closed from May 26, 2026, to June 02, 2026, to allow the necessary administrative proceedings.

Moreover, the Board of Directors has implemented an Employee Stock Option Scheme (ESOS) as approved by the shareholders. The scheme grants stock options equivalent to 5,704,519 ordinary shares, representing 1% of the company’s paid-up capital, to eligible employees. The exercise price is set at PKR 29.93 per share, with a minimum vesting period of one year and an exercise period of another year.

According to information available from the Pakistan Stock Exchange (PSX), these strategic decisions reflect GCIL’s commitment to innovative projects and employee engagement, marking a significant step forward in the company’s growth trajectory.