Amreli Steels Updates Shariah Disclosure Amid PSX Regulations Compliance

Karachi: Amreli Steels Limited has resubmitted its Shariah disclosure for the half-year ending December 31, 2025, following clarification requirements set forth by the Pakistan Stock Exchange (PSX). This resubmission, dated May 4, 2026, adheres to Notice No. PSX/N-435, issued on April 17, 2026, which necessitated clarity under Clauses 5.6.9A and 5A.13(g) of the PSX Regulations.

In response, Amreli Steels conducted a comprehensive review of its Shariah disclosure for the specified period. The company confirmed compliance with Clause VII of Part I of Schedule IV of the Companies Act, 2017, ensuring all mandatory fields are completed and non-applicable sections are marked accordingly. The revised disclosure has been submitted via the PUCARS system as instructed.

The financial performance for the half-year ending December 31, 2025, shows a revenue of 7,150,449,000 rupees generated from the Shariah-compliant business segment. According to information available from the Pakistan Stock Exchange (PSX), there was a significant move in exchange gain earned using conventional derivatives financial instruments, which stood at 143,651,000 rupees compared to 60,363,000 rupees in the previous period, representing a notable change.

The gain on disposal of property, plant, and equipment amounted to 1,669,986,000 rupees, while scrap sales contributed 1,141,000 rupees. The company’s investments reached 43,600,000 rupees, and bank deposits and balances totaled 5,392,058,000 rupees.

In terms of liabilities, long-term borrowing was reported at 13,268,395,000 rupees, with accrued interest on borrowing totaling 2,677,895,000 rupees, reflecting the company’s financial obligations as of December 31, 2025. These figures underscore Amreli Steels’ adherence to financial and regulatory standards in its business operations.