GHANI CHEMWORLD LIMITED AUDITOR CERTIFICATE
ON RECEIPT OF SUBSCRIPTION MONEY
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Ilyas Saeed & Co.
Chartered Accountants108-1-3, Model Town, Lahore - Pakistan
T : +92 42 3586 8849, 3586 1852
E : info@ilyassaeed.com
W : https://www.ilyassaeed.com
Ref. No. A/00452/26 June 16, 2026
Chief Executive Officer, Ghani Chem World Limited 10-N, Model Town Extension, Lahore.
AUDITOR CERTIFICATE ON RECEIPT OF FUNDS AS SUBSCRIPTION MONEY FROM DIRECTORS AND SUBSTANTIAL SHAREHOLDERS AGAINST RIGHT ISSUE OF SHARES
Dear Sir,
We have been requested by the management ofGhani Chem World Limited ("the Company") to provide a certificate on receipt of subscription money from substantial shareholders and directors as required for regulatory compliance.
Scope of Certificate
This certificate is being issued to confirm the receipt of subscription money from the directors and substantial shareholders of the Company and is provided for onward submission to the Pakistan Stock Exchange (PSX).
Management ResponsibilityThe management of the Company is responsible for making compliance with requirements of relevant laws and regulations; receiving money from directors and shareholders; maintaining proper books of accounts and seeking appropriate approvals from competent authorities.
Practicing Auditor's Responsibility
Our responsibility is to certify that the subscription money has been received from directors and
substantial shareholders in accordance with the 'Guidelines for Issue oy Certfcates for Special
Purposes by PractiCfHQ Chartered Accountant Firms' issued by the Institute of Cbartered Accountants of Pakistan. Our verification was limited to the procedures as mentioned below:
Obtained and reviewed copy of cxtracts ofresolution of the Board of Directors of the Company approving issue of right shares;
Reviewed the approval letter from PSX for issuance of right shares;
Obtained and reviewed the undertakings for issuance of right shares made by the directors and substantial shareholder(s); and
Obtained copy ofbank statements provided by the Banker to the Right Issue to trace the receipt of subscription money amounting to Rs. 43,500 in Account No. 5330363263300016 maintained with The Bank of Punjab.
Ilyas Saeed & Co. is a partnership firm registered in Pakistan and an independent member ofMGI Worldwide, a network of independent accounting, auditing, tax and consulting firms worldwide.
A member of
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Ilyas Saeed & Co.
Chartered AccountantsCcr!ifca¥e
Based on the procedures mentioned above, we certify that an amount of Rs. 43,500/- (Rupees Forty-three Thousand and Five Hundred only) has been received in relation to the issue of right shares, as approved in the Board of Directors' meeting held on March 13, 2026.
Sr. No. | Name | Number of Shares held before right issue | Number of Right shares entitlement | Number of Right shares subscribed | Amount of subscription (Rupees) |
1 | Masroor Ahmad Khan | 116 | 116 | 11,600 | |
2 | Atique Ahmad Khan | 23,383 | 116 | 116 | 11,600 |
3 | Hafiz Farooq Ahmad | 34,933 | 173 | 173 | 17,300 |
4 | Saira Farooq | 5,929 | 29 | 29 | 2,900 |
5 | Hafsa Masroor | 2 | 0 | 0 | 0 |
6 | Mahmood Ahmad | 100 | 0 | 0 | 0 |
7 | Hafiz Imran Lateef | 251 | 1 | 100 | |
Total | 87,981 | 435 | 435 | 43,500 | |
This certificate has been issued, at the request of the management, solely for onward submission to the Pakistan Stock Exchange (PSX) and shall not be distributed or submitted to any other party without our prior consent. This certificate is not to be presented as a testimony in any court of law.
Yours Truly,
Ilyas Saeed & Co.
Chartered Accountants