Lahore: Ghani Global Holdings Limited (GGL), a prominent player in the designated market category of industrial manufacturing, has announced the introduction of electronic voting and postal ballot procedures for its shareholders ahead of the company’s 18th Annual General Meeting (AGM). The AGM is scheduled for October 28, 2025, at the company’s registered office in Lahore, with an option for shareholders to participate via video conferencing.
The announcement follows a notice published on October 7, 2025, detailing the AGM agenda and the newly introduced voting measures. The company has provided shareholders with a ballot paper and comprehensive information regarding the e-voting facility, which have been made available on the company’s website in accordance with regulation 8 of the Companies (Postal Ballot) Regulations, 2018.
According to information available from the Pakistan Stock Exchange (PSX), the e-voting process will commence on October 24, 2025, at 9:00 AM and will conclude on October 27, 2025, at 5:00 PM. Shareholders are permitted to cast their votes during this period, with the stipulation that once a vote is cast, it cannot be altered.
For those opting to vote through postal ballot, the company has outlined that completed ballot papers, along with a copy of the shareholder’s Computerized National Identity Card (CNIC), must be submitted to the Chairman of the meeting by October 27, 2025, via mail or email. The signature on the ballot paper must match the signature on the CNIC to be considered valid.
The AGM will address several special business agenda items, including the modification and enhancement of investment approvals for its subsidiary companies, Ghani Global Glass Limited and Ghani Chemical Industries Limited, from Rs. 200 million to Rs. 300 million. Additionally, the company seeks authorization to make investments up to Rs. 200 million in Ghani ChemWorld Limited, with a return rate pegged to the 3-month KIBOR plus 1.10 basis points.
Other significant resolutions include the enhancement of cross-corporate guarantees for its subsidiaries, with increases from Rs. 750 million to Rs. 1,000 million for Ghani Global Glass Limited and from Rs. 2,000 million to Rs. 4,000 million for Ghani Chemical Industries Limited. The issuance of cross-corporate guarantees up to Rs. 1,000 million for Ghani ChemWorld Limited is also on the agenda.
The AGM will also consider amendments to the Articles of Association, particularly concerning the issuance of shares with different rights and privileges, including Class-B tracking shares. These shares are designed to track the performance of specific business units or subsidiaries, with dividends reflecting 80% of the profit from the tracked business unit.
The resolutions, if approved, will be valid for specified periods ranging from three to six years. The company’s Chief Executive Officer and Company Secretary are empowered to execute the necessary documents and agreements to implement these resolutions.