Shareholders of Ghani Chemical Industries Limited (PSX: GCIL) have approved an investment of up to Rs1.86 billion in the associated company GHG Emissions Mitigation Limited (GEM) as part of plans to support a gas mitigation and energy production project. The approval was granted at the company’s Extraordinary General Meeting (EOGM) held on June 2, 2026, in accordance with resolutions submitted to the Pakistan Stock Exchange (PSX).
Shareholders authorized GCIL to subscribe to 186.298 million right shares of GEM at a face value of Rs10 per share, representing a total potential investment of approximately Rs1.86 billion. The company also empowered its Chief Executive Officer, Executive Director, and Company Secretary to undertake all necessary actions required to execute the investment decision.
| Investment Detail | Information |
|---|---|
| Investor | Ghani Chemical Industries Limited (PSX: GCIL) |
| Target Company | GHG Emissions Mitigation Limited (GEM) |
| Approved Investment | Up to Rs1.86 billion |
| Instrument | 186.298 million right shares at Rs10 per share |
| Approval Date | June 2, 2026 (EOGM) |
| Project | Gas mitigation and energy production facility |
Sponsor Support Agreement for Project Financing
In a separate resolution, shareholders approved a Sponsor Support Agreement in favour of Habib Bank Limited and other financiers in connection with financing facilities arranged by GEM. The facilities include:
- Letter of Credit facility of up to $38 million
- Funded facility of up to PKR 14.4 billion
According to the resolution, the financing will support GEM’s gas mitigation and energy production facility being developed near the Sachal Gas Processing Complex. Under the agreement, GCIL will provide sponsor support in proportion to its shareholding in GEM, including contributions toward equity requirements, funding costs, debt service reserve obligations, and other commitments required by project financiers.
About Ghani Chemical Industries Limited
Ghani Chemical Industries Limited (PSX: GCIL) is a leading Pakistani manufacturer of industrial and medical gases, as well as chemical products. The company is committed to strategic diversification into high‑impact sectors such as energy and emissions mitigation.
About GHG Emissions Mitigation Limited (GEM)
GHG Emissions Mitigation Limited is an associated company of Ghani Chemical, focused on developing a gas mitigation and energy production facility near the Sachal Gas Processing Complex. The project aims to reduce emissions while generating energy, contributing to Pakistan’s environmental and energy security goals.
