NATURE OF BUSINESS


Bawany Air Products Limited (the Company) is a public limited company. It is listed on the Pakistan Stock Exchange Limited (PSX: BAPL).

The Company operates as an investment company. Its principal line of business is to invest in, acquire, hold and otherwise deal in shares, stock, debentures, debenture stock, bonds, obligations and securities issued or guaranteed.

As part of its investment and acquisition strategy, the Company acquires and holds shareholdings in businesses. Alman Seyyam Sugar Mills (Pvt.) Limited (ASSML) has become a wholly owned subsidiary of the Company following completion of the share issuance Otherwise than Right.

The corporate office is at 2nd Floor, Nadir House, I.I. Chundrigar Road, Karachi.