GCWL Announces Right Issue of Partially Redeemable Shares at Rs100 per Share

June 11, 2026 (MLN) Ghani ChemWorld Limited (GCWL) has declared a right issue of 1,250,719 Partially Redeemable Shares (PRS) at Rs100 per share at par, as communicated to the Pakistan Stock Exchange via a letter dated June 09, 2026, and notified through a PSX notice on June 11, 2026.

The right entitlement is 05 PRS shares for every 1,000 ordinary shares held as of June 10, 2026, with book closure on June 11, 2026. The company confirms compliance with CDC and PSX procedures, depositing unpaid rights in book entry form promptly.

Rights will be credited to CDS accounts on June 12, 2026, and Letters of Right (LOR) dispatched to physical shareholders on June 15, 2026. Trading of unpaid rights begins June 15, 2026, with the final submission deadline on June 16, 2026. Rights trading closes on June 29, 2026, while acceptance and payment conclude July 06, 2026. Allotment, share credits to CDC, and physical certificates follow on July 20, 2026.

Each PRS costs Rs100, split into Rs90 redeemable and Rs10 irredeemable. Payment options include cash, crossed cheque, demand draft, or pay order via Bank of Punjab branches, or online via 1Link member banks for IAS/Sub Account holders.

Physical shareholders may renounce LOR by depositing shares into CDS or sub-accounts. PRS carry equivalent voting rights to ordinary shares, non-cumulative dividends, and will list on the PSX Main Board. Each PRS converts to five ordinary shares upon a triggering event, as noted by Company Secretary Farzand Ali.

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