⚡ Flash Summary

Mughal Iron & Steel Industries Limited has announced the re-composition of its Board of Directors following elections at the Annual General Meeting on October 28, 2025. Seven directors have been elected unopposed for a three-year term starting October 31, 2025. The elected directors include Mirza Javaid Iqbal, Mr. Shoaib Ahmad Khan (Independent Director), Mr. Muhammad Aslam Bhatti (Independent Director), Mrs. Samina Jamshed (Female Director), Mr. Jamshed Iqbal, Mr. Khurram Javaid, and Mr. Muhammad Mateen Jamshed. This announcement signifies a continuation of the company’s governance structure.

📌 Key Takeaways

• 🗓️ Board of Directors re-composed on October 28, 2025.
• ⏳ Directors elected for a 3-year term commencing October 31, 2025.
• 🗳️ Election was ‘Unopposed’.
• 👤 Mirza Javaid Iqbal elected as Director.
• 🧑‍💼 Mr. Shoaib Ahmad Khan elected as Independent Director.
• 🧑‍💼 Mr. Muhammad Aslam Bhatti elected as Independent Director.
• 👩‍💼 Mrs. Samina Jamshed elected as Female Director.
• 👤 Mr. Jamshed Iqbal elected as Director.
• 👤 Mr. Khurram Javaid elected as Director.
• 👤 Mr. Muhammad Mateen Jamshed elected as Director.
• 📄 Disclosure form submitted as per SRO 143(I)/2012 and Securities Act, 2015.
• 🏢 Registered office located at 31-A, Shadman-1, Lahore.
• 🏭 Works located at 17- K.M, Sheikhupura Road, Sheikhupura.

🎯 Investment Thesis

HOLD. The re-composition of the Board of Directors is a routine governance event. Without accompanying financial data, it is difficult to assess the impact on the company’s performance. A neutral stance is appropriate until further financial information becomes available. Price target to be re-evaluated upon release of financial statements. Time horizon: Medium Term.