Ghani Global secures SECP approval for share issuance

MG News | July 03, 2025 at 02:12 PM GMT+05:00

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July 03, 2025 (MLN): Ghani Global Glass Limited (PSX: GGGL) has received approval from the Securities and Exchange Commission of Pakistan (SECP) to issue up to 60 million ordinary shares amounting to Rs1.2 billion by way of other than right offer to Sukuk holders upon exercise of the conversion option.

The aforementioned information was disseminated through a notification to Exchange.

The approval was granted under Section 83(1)(b) of the Companies Act, 2017, read with Regulation 5 of the Companies (Further Issue of Shares) Regulations, 2020, and Regulation 4(1)(iii) of the Issuance of Convertible Debt Securities through Right Offer Regulations, 2022.

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