Lahore: In a significant corporate restructuring move, the Lahore High Court has sanctioned the demerger and merger scheme involving Ghani Chemical Industries Limited (GCIL). According to the court order dated February 20, 2025, and issued on March 7, 2025, the entire business and undertaking of the "Calcium Carbide Project" of GCIL will be transferred to Ghani ChemWorld Limited (GCWL). This restructuring is part of the Scheme of Compromises, Arrangement and Reconstruction.

The sanctioned scheme will result in GCWL allotting 500 shares for every 1,000 shares held by shareholders of GCIL. Additionally, designated assets of Ghani Products (Private) Limited (GPL) will be transferred to GCIL. This move is expected to streamline operations and enhance the strategic focus of both entities.

According to information available from the Pakistan Stock Exchange (PSX), the financial position of GCIL, as of June 30, 2024, reflects total assets amounting to 16.88 billion rupees. The company's non-current assets include property, plant, and equipment valued at 10.57 billion rupees, with additional assets in the form of intangible assets and long-term investments.

Current assets of GCIL stand at 5.68 billion rupees, comprising stock-in-trade, trade debts, and cash reserves, among others. The equity and liabilities of the company total 16.88 billion rupees, with share capital and reserves accounting for 9.85 billion rupees. The company's liabilities include long-term finances and redeemable capital-Sukuk.

This development marks a pivotal moment for Ghani Chemical Industries Limited as it navigates the complexities of corporate restructuring, aiming to leverage operational efficiencies and strategic growth opportunities in the chemical sector.