⚡ Flash Summary

Bawany Air Products Limited (BAPL) reported a net loss of Rs. 54.049 million for the year ended June 30, 2025, compared to a loss of Rs. 22.623 million in the prior year. The company’s authorized capital has been raised to PKR 11 billion. A key development is the signed agreement to acquire 100% shareholding in Alman Seyyam Sugar Mills (ASSML). BAPL’s shares were shifted from the PSX non-compliant counter to the normal trading counter.

📌 Key Takeaways

• 📉 Net loss increased to Rs. 54.049 million in 2025 from Rs. 22.623 million in 2024.
• 💰 Accumulated losses reached Rs. 104.279 million.
• ⬆️ Authorized capital increased to PKR 11 billion.
• 🤝 Signed agreement to acquire 100% of Alman Seyyam Sugar Mills (ASSML).
• 🏭 ASSML’s sugar plant is under construction with a capacity of 10,000 MT/day.
• ✅ BAPL moved from PSX non-compliant to normal trading counter.
• 🌱 Current assets grew significantly to Rs. 3,184.702 billion.
• Liabilities decreased slightly to Rs. 5.373 million.
• ❌ Auditors highlight concerns about company’s ability to continue as a going concern.
• 🚫 Company had no operational revenue
• 🗳️ Shareholders to vote on electing eight directors.
• ✉️ Members can receive financial statements via email.
• ❌ Company informs shareholders that no gifts will be distributed at the AGM.

🎯 Investment Thesis

The company is assigned a HOLD rating. While the strategic shift to acquire ASSML is potentially positive, the current financial losses and auditor concerns warrant caution. A BUY recommendation would require evidence of improved profitability and successful integration of ASSML. Price movement reasoning: Share price may experience fluctuations as the company restructures.