Lahore: Mughal Iron and Steel Industries Limited has announced the postponement of its upcoming book closure period in response to a directive from the Securities and Exchange Commission of Pakistan (SECP). The decision follows a letter from SECP dated January 29, 2025, with reference CSD/CI/59/2021/275, which prompted the company to delay the original schedule.

Originally, the book closure was set to commence on February 5, 2025. However, the management has decided to temporarily postpone it, with new dates to be announced at a later time. This change is aimed at ensuring compliance and allowing the company to address the concerns raised by the SECP.

The company has urged stakeholders to remain patient as they work through the specifics of the revised schedule. Mughal Iron and Steel Industries Limited emphasized their commitment to transparency and adherence to regulatory requirements.

According to information available from Pakistan Stock Exchange (PSX), Mughal Iron and Steel operates within the designated market category, which underscores its significant role in the industrial sector. The company remains a key player in the market, and this postponement is expected to have implications for its financial activities and stakeholder engagements.

The company has also requested that the TRE Certificate Holders of the Exchange be informed of this development to ensure that all parties involved are adequately updated. The management is committed to providing further updates as soon as possible to minimize any inconvenience caused by this postponement.