lahore: Ghani Global Holdings Limited (GGL) has taken a significant step towards restructuring by filing a petition with the Lahore High Court, seeking approval for a Scheme of Compromises, Arrangement, and Reconstruction. This move was officially announced on July 6, 2026, following the decisions made by the company’s Board of Directors and communicated to the Pakistan Stock Exchange (PSX) in June.

The petition, filed on June 27, 2026, is part of an ambitious restructuring initiative involving multiple entities under the GGL umbrella, including G3 REIT Management Limited, G3 Properties (Private) Limited, and G3 Homes LLP. The proposed Scheme of Arrangement is aimed at streamlining operations and enhancing shareholder value.

On June 29, 2026, the Honorable Lahore High Court appointed Mr. Muhammad Zahid Sharif and Mr. Ahmad Shahani, both Advocates of the High Court, as Joint Chairpersons to oversee the Extraordinary (Special) General Meeting of the shareholders. This meeting will focus on the consideration and approval of the Scheme of Arrangement.

According to information available from the Pakistan Stock Exchange (PSX), the formal notice for the Extraordinary General Meeting will be communicated to relevant stakeholders, including the Securities and Exchange Commission of Pakistan (SECP) and the shareholders, in due course. This notice is anticipated to provide further details on the meeting’s agenda and the specifics of the proposed restructuring plan.

The designated market category for this announcement remains within the purview of the PSX regulations. As the process unfolds, stakeholders and market participants will be closely monitoring the developments stemming from this high-profile court petition.