Bawany Air Products Limited has issued the final offer document for a rights issue, providing details for shareholders regarding the issuance of new ordinary shares.
- The company plans to issue 599,999,732 new ordinary shares at an offer price of PKR 10 each, totaling PKR 5,999,997,320.
- The rights issue ratio is set at 98.765 rights shares for every 100 shares held.
- The offer document is valid for 60 days from the last payment date, which is January 15, 2027.
- Key dates include book closure on October 21, 2026, and subscription payments from October 23 to November 16, 2026.
- Proceeds will primarily fund working capital and project completion for Alman Seyyam Sugar Mills (Pvt.) Limited.
- The document has been registered with the Securities Exchange and is available for download on the company's website.