Karachi: Bawany Air Products Limited has confirmed the receipt of a substantial subscription amounting to Rs. 3.20 billion from Weavers Pakistan (Private) Limited. This transaction is part of the company's proposed right issue of shares, as certified by an auditor's report submitted to the Pakistan Stock Exchange (PSX).

According to the auditor's certificate dated November 3, 2026, the funds were traced to the company's account with United Bank Limited, confirming the receipt of Rs. 3,197,120,000. This confirmation follows resolutions approved by the Board of Directors on August 26, 2024, and September 2, 2026.

The designated market category is the submission of the auditor's certificate concerning the receipt of funds against the proposed right issue. This financial maneuver is significant for Bawany Air Products Limited, reflecting the company's ongoing compliance with the regulatory requirements for share issuance.

According to information available from the Pakistan Stock Exchange (PSX), the funds were received over a period stretching from September 25, 2024, to June 30, 2025. This phased receipt underscores the structured approach undertaken by the company in managing its share issuance.

The management of Bawany Air Products Limited bears the responsibility for ensuring adherence to legal and regulatory standards. Concurrently, the auditor's responsibility was to verify the receipt of funds in alignment with the Institute of Chartered Accountants of Pakistan's guidelines.

The certificate issued is restricted for use concerning the specific transaction with the PSX and is not intended for redistribution without prior consent.