⚡ Flash Summary

International Steels Limited (ISL) is facing a penalty from the Competition Commission of Pakistan (CCP). The company is currently reviewing the details of the order and will take appropriate legal steps. This announcement was made in compliance with the Securities Act, 2015 and the Rule Book of the Pakistan Stock Exchange Limited (PSX). Shareholders and TRE Certificate Holders are being informed of this development.

📌 Key Takeaways

• ⚠️ ISL is reviewing an order issued by the Competition Commission of Pakistan (CCP).
• ⚖️ The order involves the imposition of a penalty on International Steels Limited.
• 🧐 ISL is currently assessing the details of the CCP’s order.
• 👨‍⚖️ The company will take appropriate legal steps as needed.
• 📜 This disclosure is made in accordance with Section 96 and 131 of the Securities Act, 2015.
• 🇵🇰 The announcement complies with Clause 5.6.1 of the Rule Book of the Pakistan Stock Exchange Limited (PSX).
• 📢 TRE Certificate Holders are being informed.
• 🗓️ The announcement is dated October 9, 2025.
• 🏢 The announcement is addressed to the General Manager of the Pakistan Stock Exchange Limited.
• ✍️ The announcement is signed by Zohaib Raza Merchant, Company Secretary of International Steels Limited.

🎯 Investment Thesis

Given the uncertainty surrounding the CCP penalty, a HOLD recommendation is appropriate at this time. The penalty introduces a potential downside risk. Further analysis is needed to determine the financial impact of the penalty before making a BUY or SELL decision. We need more information to establish a price target.