MUGHAL · Mughal Iron & Steel Industries Limited
Mughal Iron & Steel Industries Limited AGM Resolutions Adopted October 2026
Official PSX filing title: Resolutions adopted at the Annual General Meeting of the Company held on October 28th 2026
- Filed
- 28 October 2026 at 1:11 pm
- Category
- Meetings
- Sentiment
- Good
- Impact
- High
Executive summary
Mughal Iron & Steel Industries Limited announced the resolutions passed and adopted at its 17th Annual General Meeting held on October 28, 2026. Key approvals include financial statements, appointment of joint statutory auditors, a final cash dividend of 20% (Rs. 2.00 per share), financial facilities and guarantees to its subsidiary Mughal Energy Limited, and an increase in authorized capital, while a special resolution to issue Ordinary Class-B shares was not approved.
Key takeaways
- Approved financial statements and reports for the year ended June 30, 2026.
- Approved final cash dividend of 20% (Rs. 2.00 per ordinary and Class-C share).
- Appointed joint statutory auditors: Fazal Mahmood & Co. and Muniff Ziauddin & Co.
- Approved advance/running finance and corporate guarantee facilities for Mughal Energy Limited.
- Increased authorized share capital from Rs. 10 billion to Rs. 15 billion; Class-B share issuance resolution was not approved.
- #agm
- #dividend
- #auditors
- #subsidiary
- #capital
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