⚡ Flash Summary

Mughal Iron & Steel Industries Limited has announced its 16th Annual General Meeting to be held on October 28, 2025, in Lahore. Shareholders will consider the company’s audited financial statements for the year ended June 30, 2025. The meeting will also address the appointment of auditors and the election of directors for a three-year term. Shareholders can participate physically or virtually via Zoom, with registration required by October 22, 2025.

📌 Key Takeaways

• 🗓️ Annual General Meeting (AGM) on October 28, 2025, at 11:45 a.m. in Lahore.
• 📢 Agenda includes reviewing FY2025 financial statements.
• 🧑‍⚖️ Appointment of auditors for the year ending June 30, 2026 will be discussed.
• 🗳️ Election of directors for a three-year term commencing October 31, 2025.
• 👤 Retiring directors are eligible for re-election, except for Mr. Abdul Rehman Qureshi.
• 🏢 The Board has fixed the number of directors to be elected at seven.
• 🤝 Related party transactions will be considered and approved.
• 💻 Members can participate via Zoom; registration required by October 22, 2025.
• 🔗 Zoom link will be provided to registered members only.
• 🏦 Share transfer books will be closed from October 17, 2025, to October 28, 2025.
• ✉️ Proxy forms must be received by the share registrar by October 26, 2025.
• 🌐 Audited financial statements are available on the company’s website.
• 📰 AGM notice has been published in English and Urdu newspapers.

🎯 Investment Thesis

Based solely on this announcement, a HOLD recommendation is appropriate. More information is needed to make a decision on the company’s value. Before making any decision it is essential to study the company’s annual report for year ended June 30, 2025.