Karachi: Mughal Iron & Steel Industries Limited, a company listed on the Pakistan Stock Exchange (PSX), has announced a change in its internal audit leadership. The company reported on February 25, 2024, that Mr. Qalb-e-Abbas has resigned from his position as the Head of Internal Audit. This development comes in compliance with Regulation No. 5.6.1 (a)(xii) of the Rule Book of Pakistan Stock Exchange Limited.

According to information available from the Pakistan Stock Exchange (PSX), Mr. Saeed Hussain has been appointed as the new Head of Internal Audit, effective February 25, 2025. The company has duly informed the TRE Certificate Holders of the Exchange about this change in accordance with the regulatory requirements.

Mughal Iron & Steel Industries Limited operates within the designated market category and is responsible for informing its stakeholders about significant corporate governance changes. The transition in the internal audit leadership marks a key update for the company's audit and compliance oversight.