GCIL · Ghani Chemical Industries Limited
DECISIONS OF THE BOARD OF DIRECTORS MEETING - GHANI CHEMICAL INDUSTRIES LIMITED
- Filed
- 14 September 2026 at 12:57 pm
- Category
- Actions
- Sentiment
- Good
- Impact
- High
AI executive summary
Ghani Chemical Industries Limited announced that its board has recommended issuing up to 116,374,900 Class B Tracking Shares at PKR 10.00 each by way of a right issue, aggregating to PKR 1.16 billion. The proceeds will fund the company's equity investment in 'Project Silo' for the Sono Lashari, Jandran, and Maiwand gas projects. An Extraordinary General Meeting (EOGM) has been called for October 10, 2026, to approve the transactions, with share transfer books closed from October 3 to October 10, 2026.
Key takeaways
- Recommended right issue of up to 116.37 million Class B Tracking Shares at PKR 10.00 each
- Total proceeds of approximately PKR 1.16 billion to fund equity investment in Project Silo
- EOGM scheduled for October 10, 2026, with share transfer books closed from Oct 3 to Oct 10, 2026
- Formation of an LLP named G3 Oil & Gas Conversion LLP with an 84% partnership interest
- #right issue
- #tracking shares
- #project silo
- #eogm
- #gas projects
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.