Karachi: Agha Steel Limited, a prominent player in the steel manufacturing sector, has recently undertaken a further issuance of shares, expanding its paid-up capital significantly. This development is recorded in a certificate issued on July 16, 2026, by Reanda Liaroon Zakaria Aamir Selman Rizwan & Company, a reputable firm of chartered accountants.

The certificate, which is in compliance with the Central Depository System – Standard Operating Procedures of the Central Depository Company of Pakistan Limited, was requested by the management of Agha Steel Limited. It confirms that the company's revised paid-up capital now stands at 721.38 million shares, following the issuance of 116.50 million new shares. The face value of each share remains at Rs. 10, bringing the total paid-up capital to Rs. 7.21 billion.

According to information available from the Pakistan Stock Exchange (PSX), this move marks a significant step for Agha Steel Limited, indicating a strategic effort to bolster its capital base. The issuance was approved by the Securities and Exchange Commission of Pakistan (SECP), ensuring full compliance with regulatory frameworks.

The process involved obtaining and reviewing special resolutions passed by the company's members, SECP approvals, subscription payment verifications, and adherence to the prescribed SOPs. The management of Agha Steel Limited bears the responsibility for ensuring compliance with these requirements, maintaining records, and preventing any irregularities.

This issuance is a notable development in the designated market category of steel manufacturing, highlighting Agha Steel Limited's commitment to growth and adherence to regulatory standards. The certificate, issued by the auditing firm, is intended for submission to the CDC, SECP, and PSX, with distribution restrictions to ensure confidentiality and compliance.