Mughal Iron & Steel Industries Limited at its meeting, to be held on October 28, 2021, will consider final dividend by way of issue of fully paid-up bonus shares @ 15% for the year ended June 30, 2021 and, in this regard, further recommended that a sum of PKR 437,783,390 shall be appropriated from the share premium account for the issuance of the said bonus shares. After the issuance of 43,778,339 bonus shares, the paid-up-capital of the Company will increase to PKR 3,356,339,330/-. Subject to approval by the members of the Board of Directors recommendation to declare final dividend by way of issue of fully paid-up bonus shares.