Karachi: Ghani ChemWorld Limited has announced a right issue of 0.50% at Rs. 100 per share, as confirmed in their report dated June 11, 2026. This initiative is set to be facilitated by an online payment option introduced by the Central Depository Company (CDC) through 1Link, allowing investors to subscribe to rights via internet banking, ATMs, and mobile banking.
The company has assured its commitment to adhere to the procedures set by the CDC and the Pakistan Stock Exchange (PSX) regarding right shares. Investors are expected to deposit unpaid rights into book entry within the stipulated timeframe. The Bank of Punjab, operating across all its branches in Pakistan, will manage cash or cheque payments credited to the "Ghani ChemWorld Limited Right Issue Subscription Account."
According to information available from the Pakistan Stock Exchange (PSX), the right issue is noteworthy for its online payment facility, which simplifies the subscription process for Investor Account Holders and Sub Account Holders. This facility is a significant move towards digital financial solutions, allowing investors to utilize 1Link's member banks for seamless transactions.
The schedule for the issuance of the Letter of Rights includes critical dates such as the commencement of trading of unpaid rights on June 15, 2026, and the last date for trading these rights on June 29, 2026. The final date for acceptance and payment for shares in both CDC and physical form is set for July 06, 2026, with shares being allotted and entered into the CDC by July 20, 2026.
Ghani ChemWorld Limited has also outlined eligibility for shareholders to renounce their rights to other subscribers. The company emphasizes that the redemption of partially redeemable shares will depend on sufficient distributable profits, retained earnings, or reserves, as decided by the Board of Directors.
This right offer, if not accepted by the given deadline, will be considered declined and subsequently managed by the Board of Directors as per section 83 of the Companies Act, 2017. The rights shares, offered at a subscription price of Rs. 100 per share, are divided into a redeemable portion of Rs. 90 and an irredeemable portion of Rs. 10.
The implementation of this right issue and the associated payment facilities mark a progressive step for Ghani ChemWorld Limited, aligning with modern financial practices and enhancing shareholder engagement through digital solutions.