Shutdown at Ghani Glass Pharma Plant Notifies PSX

Karachi: Ghani Glass Limited has notified the Pakistan Stock Exchange (PSX) of a temporary shutdown at Karachi, involving a crucial furnace used in pharmaceutical glass production. The letter, dated October 16, 2024, cites maintenance and repair needs as the cause for the shutdown.

The document, addressed to the General Manager of PSX by Hafiz Muhammad Imran Sabir, Company Secretary of Ghani Glass, outlines the compliance with Sections 96 and 131 of the Securities Act, 2015 and Clause 5.6.1 of the PSX Rule Book, which mandates the disclosure of material information to the exchange. According to information available from the Pakistan Stock Exchange (PSX), this communication is a part of the company’s commitment to transparency with its TRE Certificate holders and the broader investment community.

The notification also includes a cc to the Director Enforcement Division, SECP, Islamabad, indicating regulatory oversight and adherence to legal protocols during this period of operational disruption. The letter does not specify the duration of the maintenance work or the expected date for resuming operations. Investors and stakeholders are thus advised to monitor PSX filings for further updates on this matter.

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