⚡ Flash Summary

Bawany Air Products Limited (BAPL) has applied for a 30-day extension to hold its Annual General Meeting (AGM) for the year ended June 30, 2025. The extension is sought because the auditors have not yet finalized the annual accounts. BAPL also requests a 30-day extension for publishing the September 2025 first-quarter financial statements. The extension request is submitted to the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange.

📌 Key Takeaways

• 📅 BAPL applied for a 30-day extension for holding the AGM for the year ended June 30, 2025.
• 📝 The reason for the extension is the delay in finalizing the annual accounts by the auditors.
• 🏛️ The company also seeks a 30-day extension for publishing the first-quarter financial statements ending September 2025.
• 🤝 The application is submitted to the Securities and Exchange Commission of Pakistan (SECP).
• 📜 Company registration No.Q-25 1978-79-(0006393)
• 🗓️ Last AGM was held on October 28, 2024, for the year ended June 30, 2024.
• 🕒 The company needs to hold the Annual General Meeting by October 28, 2025.
• 📑 BAPL attached documents with the application, including paid challans for extension fees.
• 🧾 Paid Challan for Rs.15,025 for Extension Fee of Annual General Meeting June 30 2025
• 🧾 Paid Challan for Rs.1,025 Extension in 1st quarter ending September 2025
• ✍️ Naim Anwar, Chief Executive Officer, signed the application.
• 🏢 The company’s registered office is located at Nadir House, I.I. Chundrigar Road, Karachi.
• 📞 The company’s telephone number is (92-21) 32415471-3.

🎯 Investment Thesis

Given the lack of financial information and the delay in finalizing accounts, a HOLD recommendation is appropriate. Further investigation into the reasons for the delay and a review of the finalized financial statements are necessary before making a more informed investment decision.