Mughal Iron & Steel Industries Limited held its 17th Annual General Meeting on October 28, 2026, where several resolutions were passed regarding financial statements, auditor appointments, dividends, and financing facilities.
- Meeting Date: October 28, 2026
- Venue: Avari Hotel, Shahrah-e-Quid-e-Azam, Lahore
- Approved Audited Financial Statements for the year ended June 30, 2026.
- Appointed M/s. Fazal Mahmood & Company and M/s. Muniff Ziauddin & Company as Joint Statutory Auditors for 2026-2027.
- Declared a final cash dividend of PKR 2.00 per share for the year ended June 30, 2026, payable to shareholders on the register as of October 19, 2026.
- Approved an advance finance facility of PKR 500.000M and a corporate guarantee facility of PKR 3,000.000M to Mughal Energy Limited (subsidiary).
- Increased Authorized Capital from PKR 10,000M to PKR 15,000M.
- Special resolutions for issuing Ordinary Class-B shares were not approved.
- Ratified related party transactions for the year ended June 30, 2026.