Bawany Air Products Limited has submitted an Auditor's Certificate confirming the receipt of subscription money for its proposed right issue of shares.
- The company received PKR 3,197.12M from Weavers Pakistan (Private) Limited for the right issue.
- This amount is associated with the proposed issuance of right shares approved by the Board of Directors on August 26, 2024, and September 2, 2026.
- The subscription money is intended for the right issue of shares, with a subscription period from September 25, 2024, to June 30, 2025.
- This announcement serves as a confirmation of funds received rather than a declaration of dividends.