Lahore: Mughal Iron & Steel Industries Limited has announced the election of its new board of directors, who were elected unopposed at the company's annual general meeting held on October 28, 2025. The directors will serve a three-year term commencing on October 31, 2025.

The newly elected directors include Mirza Javaid Iqbal, Mr. Shoaib Ahmad Khan, who will serve as an independent director, Mr. Muhammad Aslam Bhatti, also an independent director, Mrs. Samina Jamshed as the female director, Mr. Jamshed Iqbal, Mr. Khurram Javaid, and Mr. Muhammad Mateen Jamshed. According to the official disclosure form, this information was released in compliance with sections 96 and 131 of the Securities Act, 2015.

The company, listed in the designated market category of the Pakistan Stock Exchange, emphasized the unopposed nature of the election, highlighting a seamless transition in its leadership structure. According to information available from the Pakistan Stock Exchange (PSX), the election process was conducted in accordance with industry regulations, ensuring transparency and adherence to corporate governance standards.

The new board of directors is tasked with overseeing the strategic direction of Mughal Iron & Steel Industries Limited, a key player in the steel industry. The appointment of independent directors Mr. Shoaib Ahmad Khan and Mr. Muhammad Aslam Bhatti is in line with the company's commitment to maintaining an objective and robust governance framework.

The outcome of this election will be communicated to the TRE Certificate Holders of the Exchange, as part of the company's disclosure obligations. The attached disclosure form, as mandated by regulatory authorities, serves as a testament to the company's compliance with statutory requirements.