📈 Board Meeting · GCIL Ghani Chemical Industries Limited held a Board of Directors meeting on September 14, 2026, where they recommended a rights issue and discussed several project-related matters.
- The Board proposed the issuance of 116,374,900 Class B Tracking Shares at PKR 10.00 each, totaling PKR 1,163,749,000.
- This represents a 20.40% rights issue, with an entitlement ratio of approximately 204.00 Class B shares for every 1,000 ordinary shares held.
- The proposal is subject to shareholder approval at an Extraordinary General Meeting (EOGM) scheduled for October 10, 2026, in Lahore.
- The share transfer books will be closed from October 3, 2026, to October 10, 2026, for the EOGM.
- The funds raised will support the Company’s equity investment in the Sono Lashari, Jandran, and Maiwand gas projects, with a total estimated project cost of PKR 6,018,514,000.
- The rights issue is part of a composite transaction requiring various approvals under the Companies Act, 2017.
- No immediate outcomes were announced, as the rights issue is pending shareholder approval.
About this brief: prepared automatically by BSL’s research systems from the company’s filing with the exchange. A summary for information, not investment advice — the original filing is the authoritative record.
Original filing (PDF)