BAPL Shifts Core Business from Manufacturing to Investment

Bawany Air Products Limited (PSX: BAPL) has revised its core business focus by updating its object clause from manufacturing to investing in shares, stocks, and other securities.

In its quarterly progress report, BAPL noted that it has submitted the required documentation to the SECP Company Registration Office (CRO). Once approved, the company anticipates transitioning from non-compliant status to the regular counter.

Furthermore, the draft offer letter for the rights issue is currently under review by the SECP, while the proposed issuance of shares through means other than rights is also awaiting regulatory clearance.