⚡ Flash Summary

Ghani Chemical Industries Limited (GCIL) has announced the upcoming election of directors at its 10th Annual General Meeting (AGM) scheduled for October 28, 2025. The announcement, made on October 17, 2025, is in compliance with Section 159(4) of the Companies Act, 2017. Seven candidates have filed their notices of intention to stand for election, vying for positions including one female director, two independent directors, and four other directors. Since the number of candidates does not exceed the number of director positions fixed by the Board, all candidates are expected to be elected.

📌 Key Takeaways

• 📅 GCIL announces election of directors to be held on October 28, 2025.
• 📜 Announcement complies with Section 159(4) of the Companies Act, 2017.
• 👩‍💼 One female director position is up for election; Mrs. Rabia Atique is the candidate.
• 🧑‍💼 Two independent director positions are available.
• 🧑‍💼 Candidates for independent director include Hafiz Imran Lateef and Sheikh Muhammad Saleem Ahsan.
• 🏢 Four other director positions are open for election.
• 🧑‍💼 Candidates for other director positions are Mr. Masroor Ahmad Khan, Mr. Atique Ahmad Khan, Hafiz Farooq Ahmad, and Mr. Muhammad Hanif.
• 🌐 Profiles of candidates are available on the company’s website.
• ✅ Independent directors were selected based on experience, competency, diversity, skills and knowledge.
• 👍 All candidates are expected to be elected as the number of candidates does not exceed the number of available director positions.
• 📰 Information will be published in English and Urdu newspapers.

🎯 Investment Thesis

HOLD. The announcement of the election of directors is a routine corporate governance matter. Without further information on the strategic direction or financial performance, there is no basis to change the current investment recommendation. The price target remains unchanged pending further developments.