GGL files resolutions passed at its 19th AGM
AGM / EGMGhani Global Holdings Limited filed certified resolutions passed at its AGM held on October 27, 2026. Shareholders approved the audited accounts for the year ended June 30, 2026, reappointed the auditors, elected seven directors, approved a proposed distribution of Ghani Chemical Industries Limited rights subscription entitlements, increased investment limits in associated companies, and enhanced cross-corporate guarantee limits for subsidiaries.
Key Findings
- The 19th AGM was held on October 27, 2026.
- Shareholders approved the audited financial statements for the year ended June 30, 2026, and reappointed ShineWing Hameed Chaudhri & Company as auditors for the year ending June 30, 2027.
- Seven directors were elected for a three-year term commencing October 31, 2026.
- Shareholders approved a proposed distribution of GCIL rights subscription entitlements, with a tentative ratio of 16.1247 LoRs per 100 GGL ordinary shares, subject to final determination and applicable conditions.
- The investment limit in associated company Ghani Global Glass Limited was increased from PKR 300 million to PKR 400 million, and in Ghani Chemical Industries Limited from PKR 300 million to PKR 400 million, through Long-Term Running Musharakah arrangements instead of loans and advances; each approval is valid for three years from shareholder approval.
Meeting Details
Meeting
Annual general meeting
Date
27/10/2026
Meeting Details
Agenda
- Adoption of audited financial statements for the year ended June 30, 2026
- Appointment of auditors for the year ending June 30, 2027
- Election of seven directors
- Proposed distribution of GCIL rights subscription entitlements
- Enhancement of investment limits in associated companies through Long-Term Running Musharakah arrangements
- Enhancement of cross-corporate guarantee limits for subsidiaries
Resolutions
- Approved the annual audited financial statements for the year ended June 30, 2026.
- Reappointed ShineWing Hameed Chaudhri & Company as auditors for the year ending June 30, 2027.
- Elected seven directors for a three-year term commencing October 31, 2026.
- Approved a proposed distribution of GCIL rights subscription entitlements to eligible GGL shareholders, with a tentative ratio of 16.1247 LoRs per 100 GGL ordinary shares, subject to final determination and applicable conditions.
- Increased the investment limit in Ghani Global Glass Limited from PKR 300 million to PKR 400 million through a Long-Term Running Musharakah arrangement, valid for three years.
- Increased the investment limit in Ghani Chemical Industries Limited from PKR 300 million to PKR 400 million through a Long-Term Running Musharakah arrangement, valid for three years.
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.