Lahore: Mughal Iron & Steel Industries Limited has scheduled an Extraordinary General Meeting for June 20, 2025, in Lahore. This meeting aims to secure shareholder approval for a significant financial decision concerning the company's strategic investments.

The meeting will focus on a special business agenda, particularly the consideration and potential approval of a long-term loan investment amounting to Rs. 2.50 billion in Mughal Energy Limited. This proposal falls under Section 199 of the Companies Act, 2017, as well as the Companies (Investment in Associated Companies or Associated Undertakings) Regulations, 2017. The decision will be made through the passage of special resolutions as outlined in the statement annexed to the notice of the meeting.

According to information available from the Pakistan Stock Exchange (PSX), Mughal Iron & Steel Industries Limited is convening both Ordinary and Class-C members to deliberate on this substantial financial commitment. The meeting's agenda has been structured to ensure compliance with the necessary regulatory frameworks as stipulated by the Companies Act, 2017.

Prior to the meeting, an abstract of the notice will be published in the Business Recorder and Nawa-i-Waqt on May 28, 2025, to inform the stakeholders and ensure transparency in the proceedings. This publication aims to provide shareholders with adequate information to facilitate informed decision-making regarding the proposed investment in Mughal Energy Limited.