Karachi: Bawaniyair Products Limited is at the center of a significant corporate development as the company disclosed intentions for a major acquisition move. On 08 July 2025, the company announced that Intermarket Securities Limited has expressed its intention to acquire 600.00 million ordinary shares, thereby gaining control of Bawaniyair Products Limited. This move surpasses the thresholds established under Section 111 of the Securities Act, 2015.

The announcement was made in compliance with the Listed Companies (Substantial Acquisition of Voting Shares & Take-Overs) Regulations, 2017, and the Rule Book of the Pakistan Stock Exchange Limited. The disclosure highlights the legal and procedural adherence of Bawaniyair Products Limited as it navigates this transformative phase.

According to information available from the Pakistan Stock Exchange (PSX), this acquisition represents a very large or significant move for the company, signaling a major shift in its ownership and control. Intermarket Securities Limited's intention to acquire such a substantial number of shares underscores the strategic importance of Bawaniyair Products Limited within the designated market category.

As the process unfolds, the TRE-Certificate holders have been duly informed, ensuring transparency and adherence to regulatory requirements. This development marks a pivotal moment for Bawaniyair Products Limited, with potential implications for its future operations and market positioning.