Mughal Iron & Steel Industries : Financial Results for the Period Ended March 31, 2024

MISIL/Q-III/FY-2024

April 30, 2024

The General Manager

Pakistan Stock Exchange Limited,

Stock Exchange Road,

Karachi.

By PUCAR & Courier

FINANCIAL RESULTS FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2024

Dear Sir,

We are pleased to inform you that the Board of Directors of Mughal Iron & Steel Industries Limited in their meeting held on April 30, 2024 at 11:30 a.m. at 31-A Shadman 1, Lahore, have considered and approved the condensed interim financial statements of the Company for the period ended March 31, 2024 and recommended the following:

(i)	Cash Dividend	Nil
(ii)	Bonus Shares	Nil
(iii)	Right Shares	Nil

1. Any other entitlement/corporate action / price-sensitive information:
2. 1. The Financial Results of the Company for the period ended March 31, 2024 are attached herewith as ANNEXURE-A".
   2. Approval to issue loan up to Rs. 800.000 million for a period of 12 months to Mughal Energy limited for the purpose of bridge-financing its power plant project. The loan shall carry markup which shall be up and above the borrowing cost to the Company.

The condensed interim financial statements of the Company for the nine months' period ended March 31, 2024 will be transmitted through PUCARS separately, within the specified time.

A disclosure form as required under SRO 143(1)/2012 dated December 05, 2012 read with Sections 96 and 131 of Securities Act, 2015 in relation to above inside information is attached herewith as "ANNEXURE-B".

Yours Sincerely

for MUGHAL IRON & STEEL INDUSTRIES LIMITED

MUHAMMAD FAHAD HAFEEZ

(Company Secretary)

1. Executive Director/HOD
   Offsite-II Department, Supervision Division,
   Securities & Exchange Commission of Pakistan, Islamabad
   The Director / HOD
   Corporate Supervision Department
   Securities & Exchange Commission of Pakistan, Islamabad

"ANNEXURE - B"

DISCLOSURE FORM

IN TERMS OF SECTIONS 96 AND 131 OF THE SECURITIES ACT, 2015

Name of Company:	Mughal Iron & Steel Industries Limited
Date of Report:	April 30, 2024
Contact information:	Muhammad Fahad Hafeez
	Company Secretary
	31-A Shadman 1, Lahore
	Contact No: 042-35960841(155)
	Fax No:	042-35960846
	Email:	[e-mail]

Please mark the appropriate box below:

• Disclosure of inside information by listed company

Public disclosure of inside information, which directly concerns the listed securities:

1. The Financial Results of the Company for the period ended March 31, 2024 are attached herewith as ANNEXURE-A".
2. Approval to issue loan up to Rs. 800.000 million for a period of 12 months to Mughal Energy limited for the purpose of bridge-financing its power plant project. The loan shall carry markup which shall be up and above the borrowing cost to the Company.

SIGNATURES

In case of company pursuant to the requirements of the securities Exchange Ordinance 1969 (XVII), the Company has duly caused this form / statement to be signed / on its behalf by the undersigned hereunto duly authorized.

Yours Sincerely,

For MUGHAL IRON & STEEL INDUSTRIES LIMITED

MUHAMMAD FAHAD HAFEEZ

(Company Secretary)