⚡ Flash Summary

Mirza Javed Iqbal, Chairman/Non-Executive Director of Mughal Iron & Steel Industries Limited (MUGHAL), executed a gift-in transaction of 5,070,271 Ordinary Class-C shares. This transaction increased Iqbal’s total holding to 8,150,040 Ordinary Class-C shares, representing 24.65% of the company’s total Ordinary Class-C shares. The disclosure was made on November 17, 2025, in compliance with PSX regulations. This information will be presented in an upcoming board meeting.

📌 Key Takeaways

• 📝 Mirza Javed Iqbal, Chairman/Non-Executive Director, increased his stake in Mughal Iron & Steel.
• 🎁 Transaction type: Gift-in of Ordinary Class-C shares.
• 🗓️ Transaction date: Friday, November 14, 2025.
• 📈 Initial holding: 3,079,769 Ordinary Class-C shares.
• ➕ Acquired: 5,070,271 Ordinary Class-C shares.
• 📊 Revised holding: 8,150,040 Ordinary Class-C shares.
• ⬆️ Increase in Class-C shares percentage: from 9.32% to 24.65%.
• 📃 Disclosure made on November 17, 2025.
• 🏛️ Transaction executed through the Central Depository Company (CDC).
• 🤝 Compliance with PSX regulations under 5.6.4.
• 🏢 Information to be presented in the upcoming board meeting.
• ✔️ Total cumulative ordinary shares after transaction: 17,100,460 (4.64%).
• ℹ️ Announcement made by Muhammad Fahad Hafeez, Company Secretary.

🎯 Investment Thesis

HOLD. While the Chairman increasing his stake is generally a positive signal, the transaction is a gift-in and doesn’t directly involve the company’s financial performance. The current information isn’t sufficient to warrant a change in recommendation. A price target cannot be determined based on this announcement alone. It depends on a comprehensive analysis of MUGHAL’s financials, market conditions, and future growth prospects. The time horizon remains dependent on broader market trends and company-specific developments.