Ghani Global shareholders approve Rs 10 billion corporate guarantee limits

Ghani Global Holdings Limited (GGL) shareholders approved raising the combined guarantee ceiling for three subsidiaries to Rs10 billion from Rs6 billion at the company’s annual meeting on October 27, 2026, Profit by Pakistan Today reported. The approved limits are Rs2 billion for Ghani Global Glass, Rs6 billion for Ghani Chemical Industries and Rs2 billion for Ghani ChemWorld. GGL will charge 0.10% per quarter on guarantees used, which can remain in place for up to five years.

Shareholders also raised total investment limits for the subsidiaries to Rs1.1 billion from Rs800 million, using long-term running Musharakah arrangements rather than loans and advances. They approved distributing Ghani Chemical Industries letters of rights to eligible GGL shareholders, with a tentative entitlement of about 16.1247 rights for each 100 GGL shares, or approximately 57.1 million rights; full subscription would require about Rs571 million. The meeting also approved audited accounts for the year ended June 30, 2026, auditor reappointment and the election of seven directors for a three-year term starting October 31.