Ghani ChemWorld announces right issue through partially redeemable shares

Ghani ChemWorld Limited has announced plans to increase its paid-up share capital through a right issue of partially redeemable shares, according to a notice submitted to the Pakistan Stock Exchange (PSX) on Friday.  The company said its board approved the issuance of partially redeemable shares priced at Rs100 per share, without any premium.

The shares will be offered to existing shareholders in proportion of approximately five partially redeemable shares for every 1,000 ordinary shares held, representing a 0.50% right issue.

The company said the offer will be subject to regulatory approvals and compliance with applicable laws.

Details regarding the closure of share transfer books to determine shareholder entitlement will be announced later, after finalisation of the right share offer document in accordance with the Companies (Further Issue of Shares) Regulations, 2020.

Ghani ChemWorld stated that the terms and conditions of the partially redeemable shares had previously been approved by shareholders at the company’s annual general meeting held on October 28, 2025.

The company said further information regarding the issue size, utilisation of proceeds, risk factors and benefits of the right issue will be disclosed in the offer documentation to be issued in due course.