MISIL/ACC-1/2023

November 11, 2022

The General Manager

Pakistan Stock Exchange Limited,

Stock Exchange Building,

Stock Exchange Road,

Karachi.

By PUCAR & Courier

APPOINTMENT OF CHAIRMAN, CEO AND

RECONSTITUTION OF BOARD'S COMMITTEES

Dear Sir,

We would like to inform you that a meeting of the Board of Directors of Mughal Iron & Steel Industries Limited held at 11:30 am on Friday, November 11, 2022, at

31-A Shadman 1, Lahore, wherein:

  • Mirza Javed Iqbal has been re-appointed as Chairman of the Board of Directors for a term of three years.
  • Mr. Khurram Javaid has been re-appointed as the Chief Executive Officer of the Company for a term of three years.
  • The revised composition of the Board of Directors, the Audit Committee and Human Resource & Remuneration (HR&R) Committee is attached herewith as "ANNEXURE-A".

This is for your record and information.

Yours Sincerely

for MUGHAL IRON & STEEL INDUSTRIES LIMITED

MUHAMMAD FAHAD HAFEEZ

(Company Secretary)

CC: The Director / HOD

(Surveillance, Supervision and Enforcement Department), Securities & Exchange Commission of Pakistan, Islamabad

"ANNEXURE - A"

Board Composition:

 Mr. Mirza Javed Iqbal

 Mr. Khurram Javaid

(Chairman, Non-executive Director)

(CEO/ Director )

 Mr. Abdul Rehman Qureshi

 Mr. Muhammad Mubeen Tariq Mughal

(Independent, Non-executive Director)

( Executive Director)

 Mr. Shoaib Ahmad Khan

 Mr. Fazeel Bin Tariq

(Independent, Non-executive Director)

(Non-executive Director)

 Ms. Mariam Khawar

 Mr. Muhammad Mateen Jamshed

(Independent, Non-executive Director)

(Non-executive Director)

 Mr. Jamshed Iqbal

( Executive Director)

Audit and Human Resource & Remuneration Committees are comprised of following members:

Audit Committee

Human Resource & Remuneration

Committee

Mr. Abdul Rehman Qureshi

Mr. Abdul Rehman Qureshi

(Chairman, Independent Director)

(Chairman, Independent Director)

Mr. Fazeel Bin Tariq

Mr. Mirza Javed Iqbal

(Non-executive Director)

(Non-executive Director)

Mr. Muhammad Mateen Jamshed

Mr. Fazeel Bin Tariq

(Non-executive Director)

(Non-executive Director)

"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:

November 11, 2022

Contact information:

Muhammad Fahad Hafeez

Company Secretary

31-A Shadman 1, Lahore

Contact No: 042-35960841(155)

Fax No:

042-35960846

Email:

fahadhafeez@mughalsteel.com

Please mark the appropriate box below:

  • Disclosure of inside information by listed company

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

We would like to inform you that a meeting of the Board of Directors of Mughal Iron & Steel Industries Limited held at 11:30 am on Friday, November 11, 2022, at 31-A Shadman 1, Lahore, wherein:

  • Mirza Javed Iqbal has been re-appointed as Chairman of the Board of Directors for a term of three years.
  • Mr. Khurram Javaid has been re-appointed as the Chief Executive Officer of the Company for a term of three years.
  • The revised composition of the Board of Directors, the Audit Committee and Human Resource & Remuneration (HR&R) Committee is attached herewith as "ANNEXURE-A".

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)

Dated: November 11, 2022

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Mughal Iron & Steel Industries Ltd. published this content on 11 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 10:11:00 UTC.