Ghani ChemWorld Limited Confirms Subscription Money Receipt from Key Stakeholders

Lahore: Ghani ChemWorld Limited has received confirmation of subscription money amounting to Rs. 43,500 for the recent right issue of shares, according to an auditor's certificate issued on June 16, 2026. The funds were received from the company's directors and substantial shareholders, ensuring compliance with regulatory requirements.

The certificate, prepared by a practicing auditor, was issued to verify the receipt of subscription money as part of the right issue process. This confirmation is a prerequisite for submission to the Pakistan Stock Exchange (PSX), a crucial step in maintaining transparent and compliant financial practices.

According to information available from the Pakistan Stock Exchange (PSX), the funds were deposited into a designated account at The Bank of Punjab. The right shares were approved in a Board of Directors' meeting held on March 13, 2026. The subscription money was contributed by several key stakeholders, including Masroor Ahmad Khan, Atique Ahmad Khan, and Hafiz Farooq Ahmad, among others.

The detailed breakdown reveals that Masroor Ahmad Khan and Atique Ahmad Khan each subscribed to 116 right shares, contributing Rs. 11,600 each. Hafiz Farooq Ahmad subscribed to 173 right shares, amounting to Rs. 17,300. Other notable contributions included Saira Farooq with 29 shares for Rs. 2,900 and Hafiz Imran Lateef with one share for Rs. 100.

This development marks a significant move towards fulfilling the company's compliance obligations and underscores the commitment of its shareholders to support the company's financial strategy. The certificate explicitly states that the document is intended exclusively for submission to the PSX and restricts its distribution without prior consent.

The designated market category for this information remains within the financial compliance and regulatory domain, highlighting the importance of proper governance and adherence to the guidelines set forth by the Institute of Chartered Accountants of Pakistan.