Karachi November 21 2022: Ghani Chemical Industries Limited Board of Directors in their meeting held today on Monday, November 21, 2022 decided to issue 10 percent bonus and export of liquid plant to GCC region, according to company filing to the exchange.
Ghani Chemical Board of Directors decided to issue of Bonus Shares at the rate of 10 percent (as Interim). For entitlement of Bonus Shares, the Share Transfer Books of the Company will remain closed from Thursday, December 01 , 2022, to Wednesday, December 07,2022 (both days inclusive).
The transfers received in order at 1he office of the Company’s share registrar, Mis. Corplink (Private) Limited, Wings Arcade, l-K Commercial. Model Town, Lahore by the close of business (5:00 p.m.) on Wednesday, November 30,2022 will be treated in time for the purposes of bonus shares entitlement to the transferees.
Board of Directors also decided to export the liquid plant installed at Lahore site to GCC region. The Company is in process to install liquid gases manufacturing plant of 275TPD capacity at Hatlar Economic Zone. This plant will be operational in the first quarter of calendar year 2023.
The Board of Directors has decided to export one of the existing plant of the Company (with fair market value around US$ 3.00 million to US$ 4.00 million) installed at Lahore (of Capacity 110TPD) to GCC region. Ghani Chemical Industries Limited will be the first company of Pakistan to export Industrial and medical gases plant & know how and bring back precious dollars in the country.
To convene the extraordinary general meeting (EOGM) of the Company for the approval of sale of existing plant of the Company installed at Lahore under Section 183(3)(0) of the Companies Act, 2017 from the shareholders on Tuesday, December 20,2022. Notice of EOGM along with statement of facts will be dispatched to the shareholders before 21 days of the meeting.
