Lahore: Ghani Chemworld Limited has successfully completed the subscription process for its partially redeemable right shares, according to a report dated July 17, 2026. The issuance of a No Objection Certificate (NOC) is now being requested to facilitate the release of subscription funds. The company's statutory auditors, M/s Ilyas Saeed & Co., Chartered Accountants, have confirmed the receipt of the full subscription amount, totaling Rs. 125,071,900.

The funds were gathered through the offering of 1,250,719 partially redeemable shares, each valued at Rs. 100. The allocation was made in accordance with the resolution passed during the Extraordinary General Meeting held on May 2, 2026. Of these shares, 435 were allotted to the company's directors, with the remainder acquired by general shareholders. Subscription funds amounting to Rs. 120,280,701 were collected through The Bank of Punjab, while an additional Rs. 4,791,200 was received via the Central Depository Company's online payment option.

According to information available from the Pakistan Stock Exchange (PSX), the right shares offered represented a minor move of 0.50%. The company's revised paid-up capital now stands at 250,143,950 ordinary shares and 1,250,719 partially redeemable shares.

The issuance process complied with the Companies Act of 2017 and the Companies (Further Issue of Shares) Regulations, 2020. Ghani Chemworld Limited's management confirmed that all regulatory requirements have been met, with no additional conditions imposed by the Securities and Exchange Commission of Pakistan or any other regulatory body.

The NOC, once issued, will authorize The Bank of Punjab and the Central Depository Company of Pakistan Limited to release the right shares' subscription funds. This step marks the culmination of the right shares issuance process, which was conducted in strict adherence to the guidelines set forth by the Pakistan Stock Exchange.