Mughal Iron & Steel Industries : Financial Results for the Quarter Ended September 30, 2023

MISIL/FY-Q-1/2024

October 27, 2023

The General Manager

Pakistan Stock Exchange Limited,

Stock Exchange Building,

Stock Exchange Road,

Karachi.

By PUCAR & Courier

FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2023

Dear Sir,

We are pleased to inform you that the Board of Directors of Mughal Iron & Steel Industries Limited in their meeting held on October 27, 2023 at 11:30 am at 31-A Shadman 1, Lahore, have considered and approved the condensed quarterly financial statements of the Company for the quarter ended September 30, 2023 and recommended the following:

(i) CASH DIVIDEND	Nil
(ii) BONUS SHARES	Nil
(iii) RIGHT SHARES	Nil

(iv) ANY OTHER ENTITLEMENT/CORPORATE ACTION / PRICE-SENSITIVE INFORMATION

1. The financial results of the Company for the quarter ended September 30, 2023 are attached herewith as "ANNEXURE-A".
2. The Company has completed installation of CCM and induction furnace with annual capacity of 90,000 M.T.
3. The Board has approved CAPEX for refining section of non-ferrous recycling plant, which will align the refining capacity with the hammering capacity to achieve overall processing capacity of 120,000 M.T. Total CAPEX is estimated to be around PKR 1 billion.

The condensed quarterly financial statements of the Company for the period ended September 30, 2023 will be transmitted through PUCARS separately, within the specified time.

A disclosure form as required under SRO 143(1)/2012 dated December 05, 2012 read with Sections 96 and 131 of Securities Act, 2015 in relation to above inside information is attached herewith as "ANNEXURE-B".

Yours Sincerely

for MUGHAL IRON & STEEL INDUSTRIES LIMITED

MUHAMMAD FAHAD HAFEEZ

(Company Secretary)

1. Executive Director/HOD Offsite-II Department,
   Securities & Exchange Commission of Pakistan, Islamabad.
   The Director / HOD Corporate Supervision Department, Securities & Exchange Commission of Pakistan, Islamabad

"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:	October 27, 2023
Contact information:	Muhammad Fahad Hafeez
	Company Secretary
	31-A Shadman 1, Lahore
	Contact No: 042-35960841(155)
	Fax No:	042-35960846
	Email:	[e-mail]

Please mark the appropriate box below:

• Disclosure of inside information by listed company

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

1. The financial results of the Company for the quarter ended September 30, 2023 are attached herewith as "ANNEXURE-A".
2. The Company has completed installation of CCM and induction furnace with annual capacity of 90,000 M.T.
3. The Board has approved CAPEX for refining section of non-ferrous recycling plant, which will align the refining capacity with the hammering capacity to achieve overall processing capacity of 120,000 M.T. Total CAPEX is estimated to be around PKR 1 billion.

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: October 27, 2023