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Appointment of Directors of Agha Steel Industries Limited

Karachi, Agha Steel Industries Limited informed Pakistan Stock Exchange that Mr. Muhammad Asif has been appointed as Director of the Company with effect from September 04, 2021 in place of Mr. Iqbal Hussain Agha.

Agha Steel Industries Limited (ASIL) is the fully automatic leading Steel Re-Rolling Manufacturing Company in Pakistan with an annual capacity of 240,000 Metric Ton per annum.

The Company has introduced the TMT technology in the country, in conjunction with fully automated rolling mill. This has enabled the Company to produce high quality rebars having accuracy in terms of length and grade for meeting the customer’s needs.

Agha Steel Industries Limited was incorporated on 19th November 2013 as a private limited company. The Company was converted into a public limited company on 7th April 2015. The company is principally engaged in manufacturing and sale of steel bars, wire rods and billets.

The total number of shares the company has introduced so far are 576,075,293. The Profit after Taxation is 1,235,000,000 in 2020 which was 768,000,000 in 2019.