Karachi: Shareholders of Bawany Air Products Limited are advised of an impending one-day book closure scheduled for October 21, 2026, as part of a right issue announcement. This closure is intended to determine shareholders' entitlement to newly issued shares.

The company, which had initially announced the right shares issue on August 26, 2024, followed by a subsequent confirmation on September 2, 2026, is proceeding with the issuance of 98.765% right shares. Shareholders will receive approximately 98.765 right shares for every 100 shares currently held, priced at Rs. 10 per share. The book closure will ensure that all share transfers received in good order by the close of business on October 20, 2026, are eligible for the right shares.

According to information available from the Pakistan Stock Exchange (PSX), this right issue is a significant move for Bawany Air Products Limited. Shareholders are required to submit valid transfer requests to M/s F.D. Registrar Services (Pvt) Ltd., located at Room No.1705, 17th Floor, Saima Trade Tower-A, I.I. Chundrigar Road, Karachi-74000.

The designated market category for this announcement remains focused on the shareholders and potential investors who are closely monitoring Bawany Air Products Limited's market activities.