Investor Relations – Mughal Steels

Mirza Javaid Iqbal

Chairman - Mughal Steels

Chairman Message

The journey of Mughal Steel is a testament to over five decades of resilience, innovation, and an unwavering commitment to excellence. From modest beginnings, we have risen to become a cornerstone of Pakistan’s steel industry, playing a pivotal role in shaping the nation’s economic progress and industrial development.

As a leader in the steel sector, Mughal Steel has redefined industry standards by introducing cutting-edge technologies, fostering operational excellence, and delivering high-quality steel solutions that power Pakistan’s most vital infrastructure. Our products have been integral to the construction of houses, bridges, dams, and industrial facilities, directly contributing to the nation’s growth and development. By ensuring reliability and durability, we have earned the trust of builders, engineers, and industries across Pakistan.

Our contributions extend beyond business success. As a socially responsible organization, we actively support environmental sustainability by adopting eco-friendly practices and championing resource efficiency. Our commitment to green initiatives underscores our role as stewards of a sustainable future.

Philanthropy is at the heart of our corporate values. Through initiatives like the Mughal Eye Hospital, we strive to give back to society by offering accessible and quality healthcare to underprivileged communities. This reflects our dedication to creating meaningful, long-term social impact.

At Mughal Steel, our mission transcends the bottom line. We are deeply committed to shaping a better future for Pakistan through innovation, safety, and continuous improvement. Our values of transparency, customer-centricity, and performance culture drive us to remain a trusted partner in building a stronger nation.

Together, we aim to achieve new milestones and set benchmarks that elevate Pakistan’s industrial and economic landscape while empowering communities and enriching lives.

Board of Directors

Guiding Vision, Driving Success.

Mirza Javaid Iqbal

Non – Executive Director - Chairman of the Board

Having joined his family business in 1976, Mr. Javaid Iqbal rose to become a pioneer of the steel industry of Pakistan. During his exemplary career, Mr. Iqbal challenged and changed the personal and industry mindset, both within and beyond the business framework. He has not only developed new pathways to achieve energy efficiency and economies of scale, but has made remarkable contributions towards the technological advancement and effective documentation of the national steel industry. With his visionary leadership and unparalleled expertise, Mr. Iqbal has been the driving force behind the company’s success – making the Company reach new heights of growth and expansion.

Abdul Rehman Qureshi

Non- Executive Director - Independent

Mr. Qureshi is a law graduate from the Punjab University, Lahore. He is a veteran in the field of corporate law and related matters. He has over the years, served in various capacities erstwhile in Corporate Law Authority (CLA) and the Securities and Exchange Commission of Pakistan (SECP). He has been member of various committees and commissions constituted to review and revamp company law, securities law, insurance law and banking laws. He has attended several international courses, seminars, training programs and workshops on various subjects related to corporate laws and corporate governance particularly in countries like Australia, Japan, lndia, USA and U.K. Currently, he is also serving on the Board of Mahmood Textile Mills Limited and Kohat Textile Mills Limited.

Shoaib Ahmed Khan

Non- Executive Director - Independent

Mr. Shoaib Ahmad Khan holds MSc (DSS) degree from National Defense University, Islamabad and MBA degree from IBA, University of the Punjab, Lahore. He has 35 year experience in Financial Management, Banking, Accounting & Auditing, Administrative & Regulatory aspects. In addition to above, he has vast experience in project appraisal, monitoring & restructuring and development of strategies. During his career, he remained Director and member finance of National Highway Authority (NHA), Islamabad. Currently, he is also handling the matters relating to Dispute resolution.

Miss Mariam Khawar

Non – Executive Director - Chairman of the Board

Jamshed Iqbal

Executive Director

Mr. Jamshed Iqbal has over the years played a pivotal role in developing the company’s distributional network across Pakistan to ensure that all kinds of geographical requirements are met by the Company’s distributional network, a feat that has resulted in expanded growth of the company. Today his vast experience and in-depth knowledge of the steel sector is highly beneficial at the Board Level.

Khurrum Javaid

Executive Director - Chief Executive Officer

Mr. Khurram Javaid holds an MBA from the Coventry University, UK and a BSc. from the Lahore School of Economics in Pakistan. He has made substantial contributions to the Company’s production capabilities and sales network within the country, ensuring that each is at par with the international standards of the steel industry. He has extensive experience with highly engineered systems, which require deep understanding of critical business drivers in multiple markets and industries; highly successful in building relationships with upper-level decision makers, seizing control of critical problem areas, and delivering on customer commitments. Also, since Mr. Javaid is a strong advocate of human resource development, he is the man behind incorporating effective HR planning, policymaking and training which is the corner stone behind the company’s success today.

M. Mubeen Tariq Mughal

Executive Director

• Mr. Muhammad Mubeen Tariq Mughal has been associated with the Company for over seven years and has vast experience in the field of ERP, Human Resource, Audit, Accountancy & Finance. He has been responsible for developing and leading financial strategies to facilitate the company’s ambitious growth plans. He has played pivotal role in designing and development of system of internal controls and implementation of ERP within the organization.

Fazeel Bin Tariq

Non - Executive Director

Mr. Fazeel Bin Tariq holds a Bachelor’s Degree in Business Administration from the Lahore School of Economics, Pakistan and a Postgraduate degree in Professional Accounting from the Swinburne University of Technology, Australia. He has also done Masters in Leadership from Northeastern University, Boston, USA. He joined the Company in 2011 and since then worked in various roles, obtaining extensive knowledge and experience of production processes before being inducted as a member of the board of directors.

M. Mateen Javaid

Non - Executive Director

Mr. Mateen Jamshed holds a Bachelor’s Degree in Business Administration from the Lahore School of Economics, Pakistan.

Board of Directors

Guiding Vision, Driving Success.

Mirza Javaid Iqbal

Non – Executive Director - Chairman of the Board

Abdul Rehman Qureshi

Non- Executive Director - Independent

Shoaib Ahmed Khan

Non- Executive Director - Independent

Miss Mariam Khawar

Non – Executive Director - Chairman of the Board

Jamshed Iqbal

Executive Director

Khurrum Javaid

Executive Director - Chief Executive Officer

M. Mubeen Tariq Mughal

Executive Director

Fazeel Bin Tariq

Non - Executive Director

M. Mateen Javaid

Non - Executive Director

Board Committees

Terms of Reference

The Audit Committee is, among other things, responsible for recommending to the Board of Directors the appointment of external auditors by Company’s shareholders and considers any questions of resignation or removal of external auditors, audit fees and provision by external auditors of any service to the Company in addition to audit of its financial statements. In the absence of strong grounds to proceed otherwise, the Board of Directors acts in accordance with the recommendations of the Audit Committee.

Terms of Reference

The role of the Human Resources & Remuneration Committee is to assist the Board of Directors in its oversight of the evaluation and approval of the employee benefit plans, welfare projects and retirement emoluments. The Committee recommends any adjustments, which are fair and required to attract /retain high caliber staff, for consideration and approval.

Human Resource & Remuneration Committee

Abdul Rehman Qureshi
Mirza Javaid Iqbal
Fazeel Bin tariq
Chairman
Member
Member

Management Team

Chief Operating Officer

Shakeel Ahmad

With a strong academic background; an M.Phil in Management Sciences and an MBA in Marketing, Mr. Shakeel Ahmad has years of practical experience behind him and has been with the Company for more than a decade. He is the key element in maintaining the strategic and competitive positioning of the Company in the market through relationship building, in-depth market research and analysis, creating and implementing strategic sales growth initiatives, networking and brand building. He has highly developed leadership skills and is a forerunner who leads with integrity, passion and compassion to attain revenue and profit objectives within the organization. His contributions towards the success and growth of the Company are highly valued.

Chief Financial Officer

Muhammad Zafar Iqbal

Mr. Muhammad Zafar Iqbal has been working as the CFO of the Company since its incorporation. He is a Fellow Member of the Institute of Chartered Accountants of Pakistan.

Mr. Muhammad Zafar Iqbal has been working as the CFO of the Company since its incorporation. He is a Fellow Member of the Institute of Chartered Accountants of Pakistan. He has a vast experience of dealing in accounts, finance, taxation and company law related matters. With over 16 years of experience in leadership positions, he plays an active role in the financial and strategic planning of the Company. Mr. Iqbal is a fellow member of the Institute of Chartered Accountants of Pakistan (ICAP).

Company Secretary & Manager Investor Relations

Muhammad Fahad Hafeez

Mr. Hafeez brings with him over 7 years of multidimensional experience within the financial and corporate sector. During this period, he has held senior positions in corporate, audit and financial management. Mr. Hafeez is an associate member of the Institute of Chartered Accountants in England & Wales (ICAEW).

Head of Internal Audit

Muhammad Usman

Mr. Usman is an associate member of the Institute of Chartered Accountants of Pakistan (ICAP). He has rich knowledge of developing and implementing systems of internal controls.

Mr. Usman is an associate member of the Institute of Chartered Accountants of Pakistan (ICAP). He has rich knowledge of developing and implementing systems of internal controls. His responsibilities include, managing the overall audit department in consultation with the audit committee.

Regional Head (North)

Muhammad Naeem

Mr. Naeem joined the Company in 1986. Since then, he has been looking after the distribution network across Pakistan. He has in-depth commercial experience from the distribution end to the retail end. He is responsible for finalizing negotiations with distributors, managing distribution operations, developing action plans and coordinating adequate support from supply management and logistics in order to ensure timely product delivery.

Regional Head (Exports)

Saeed Ahmed

Mr. Saeed Ahmed has over 27 years of work experience with the Company and is currently managing the export sales network. His area of expertise include building relationships.

Mr. Saeed Ahmed has over 27 years of work experience with the Company and is currently managing the export sales network. His area of expertise include building relationships with key customers in target markets outside Pakistan, developing regional marketing strategies for export sales in corporation with the Marketing department, providing customer requirements to the production team, managing currency fluctuations, coordinating adequate support from supply management and logistics and ensuring timely product delivery.

Regional Head (South)

Muhammad Afzal

Mr. Afzal became a part of the Company in 1992. His expertise ranges from finalizing negotiations with distributors, managing distribution operations and developing action plans.

Mr. Afzal became a part of the Company in 1992. His expertise ranges from finalizing negotiations with distributors, managing distribution operations and developing action plans to coordinating adequate support from supply management and logistics in order to ensure timely product delivery.

Manager Marketing

Sumaira Manzoor

Having completed her MBA from the University of the Punjab, Miss Sumaira Manzoor joined the Company in 2005 and has since played a pivotal role in the Marketing team.

Having completed her MBA from the University of the Punjab, Miss Sumaira Manzoor joined the Company in 2005 and has since played a pivotal role in the Marketing team. Currently, her responsibilities include monitoring and analyzing market trends, identifying target markets, developing strategies, preparing and managing marketing plans, formulating, directing and coordinating marketing activities and policies to promote products, working with advertising and promotion managers, developing pricing strategies, balancing firm objectives and customer satisfaction.

Manager Human Resource

Irfan Amin

Mr. Irfan has done his MBA in Human Resource Management. He is responsible for planning, directing and coordinating the administrative functions of the Company. He oversees the processes of recruitment, interviewing, performance reviews, employee development, employee retention and hiring of new staff.

Manager IT & Networks

Rashid Hassan Butt

Mr. Rashid has over 10 years of experience in information technology, systems and networking. He has been associated with the Company for the last 5 years. He has done his Masters in Computer Sciences. He also a Microsoft Certified System Engineer and holds various certifications such as A+ and CCNA as well.

Senior Manager Power Plant

Tahir Mahmood

Mr. Mahmood has been working with MISIL since 2005. He is currently looking after the operational activities of the Power Plant. Mr. Mahmood holds an Undergraduate Degree in Mechanical Engineering.

Mr. Mahmood has been working with MISIL since 2005. He is currently looking after the operational activities of the Power Plant. Mr. Mahmood holds an Undergraduate Degree in Mechanical Engineering from the University of Engineering Technology, Lahore. Prior to joining MISIL, he had worked 30 years with the Saudi Consolidated Electric Company, Ibrahim Group, WAPDA and the Nishat Power Plant.

Senior Engineer

Muhammad Imran

Mr. Imran has been employed with MISIL since 2011 as the Senior Engineer of the Girder Mill Plant. He is currently responsible for the operation and maintenance of the furnace.

Mr. Imran has been employed with MISIL since 2011 as the Senior Engineer of the Girder Mill Plant. He is currently responsible for the operation and maintenance of the furnace linked to the Girder Plant. Mr. Imran holds a Bachelor’s in Mechanical Engineering from the Bahauddin Zakariya University, Multan.

Investor Information

Annual Report 2011

(duly adopted by the Members)

Annual Report 2012

(duly adopted by the Members)

Annual Report 2013

(duly adopted by the Members)

Annual Report 2014

(duly adopted by the Members)

Annual Report 2015

(duly adopted by the Members)

Annual Report 2016

(duly adopted by the Members)

Annual Report 2017

(duly adopted by the Members)

Annual Report 2018

(duly adopted by the Members)

Annual Report 2019

(duly adopted by the Members)

Annual Report 2020

(duly adopted by the Members)

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Mughal Iron & Steel Industries Ltd. is covered by the following Analysts:

Name	Company	Contact Number
Syed Waqas Imam	Intermarket Securities Limited	+92-21-37131600 Ext: 102
Shahrukh Saleem	First Capital equities Limited	(9221)111-226-226 Ext (242)

Mughal Iron & Steel Industries Ltd. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding the Company’s performance made by these analysts are their own opinion about the Company and do not represent opinions, forecasts or predictions of Mughal Iron & Steel Industries Ltd. or its management. Mughal Iron & Steel Industries Ltd. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

PSX – MISIL Notice of CBS

Notice of Annual General Meeting 24

Notice for Corporate Briefing Session FY-2023

Notice of Annual General Meeting (English)

Notice of Annual General Meeting (Urdu)

Notice of Extraordinary General Meeting

Notice of Board of Directors Meeting

Notice of Interim Cash Dividend and Book Closure

Notice of EOGM

Notice of EOGM (Urdu)

Corporate Elections

Notice of election of directors

Notice of election of directors will be posted at the time of next election of directors. Date of last election of directors: October 31, 2016 Next election due on: October 31, 2019.
See details here.

Profiles of candidates contesting elections

Notice of the Annual General Meeting
Profile of Contesting Election
See details here.

Proxy form

View Proxy Form here.

Proxy Summary

Section will be updated at the time of next election of Directors i.e. October 31, 2022
Read more here.

List of shareholders (password protected)

List of shareholders
Read more here.

Forms & Downloads

Proxy Form (English)

Proxy Form (Urdu)

Proxy Form (English)

Proxy Form (Urdu)

Proxy Form (English)

Proxy Form (Urdu)

Proxy Form (English)

Proxy Form (Urdu)

Proxy Form (English)

Investor Relaion Policy & Complaints Handling

Financial analysts, stock brokers, interested investors and financial media desiring information regarding the company should contact.
Mr. Muhammad Fahad Hafeez
(Company Secretary)
31-A Shadman 1, Lahore, Pakistan
Tel: 042-35960841-3
Email: fahadhafeez@mughalsteel.com

Further in case of share holders complaint please contact:
Contact Person: Mr. Nadeem Sultan
Contact Number: 042-35960841-3 Ext-136
Email: fahadhafeez@mughalsteel.com

DISCLAIMER
“In case your complaint has not been properly redressed by us, you may lodge your complaint with Securities and Exchange Commission of Pakistan (the “SECP”). However, please note that SECP will entertain only those complaints which were at first directly requested to be redressed by the company and the company has failed to redress the same. Further, the complaints that are not relevant to SECP’s regulatory domain/competence shall not be entertained by the SECP.”

Online Complaint Form

Father’s Name(Required)

First

Complainant’s Name(Required)

First

CNIC Number(Required)

Folio / CDC No(Required)

Email(Required)

Contact No(Required)

Address(Required)

Complain Text(Required)

Frequently asked questions

What is Company’s registered address and contact details?

31-A, Shadman 1, Lahore
Tel: (PABX) (042) 35960841-43
Fax: (042) 35960846
Email: fahadhafeez@mughalsteel.com

What is the stock/ticker symbol for Mughal Iron & Steel Industries Limited?

The ticker symbol is MUGHAL.

How do I advise you of my change of address?

If you are a physical shareholder, please send your current address, your new address and your share details along with copy of CNIC to the address:
M/S THK Associated (Private) Limited, 1st floor, 40-C, Block-6, P.E.C.H.S., Karachi.
If you are a CDC accountholder, please send your relevant details to your concerned STOCK Broker/CDC.

Can you tell me dividend history of Mughal Steel?

The share information of this website has a section named “Dividend history & Policy” which gives a link to the dividend history of the company since listing.

Is this a good time to buy/sell MUGHAL Steel shares or MUGHALs?

We are not able to provide advice to investors on share dealing. For advice on share dealing, please contact your stockbroker or independent financial advisor.

Can you send me a hard copy of your Annual Report & Accounts?

Annual Report and Accounts are available to view and print from the Annual Reports pages of the Investor section of this website.

You can also request a hard copy of the Annual Reports.

How can I get my queries resolved?

You can call at our shares department or can email at following;

Tel # +92-423-5960841-43 | fahadhafeez@mughalsteel.com

What is the procedure to convert physical shares?

The physical shares should be in the name of Account holder. You will deposit your physical shares along with verified transfer deeds and a covering letter with your concerned stock Broker/CDC. They will transfer these shares into electronic shares through the Central Depository Company of Pakistan limited (CDC).

What is the difference between preference shares and ordinary shares?

Preference shares have preference over ordinary shares with respect to dividend payments and in the event of liquidation i.e. payments are made to preference share-holders before any payments are made to holders of ordinary shares. Preference shares usually carry a fixed dividend amount, are usually callable at the option of the issuing company and generally have no voting rights. They may also have an option for conversion to ordinary shares. Ordinary shares are the most common shares issued by a corporation. The ordinary or common stocks have voting rights; dividend payments vary with the company’s performance and are not callable.

What are Payouts?

A company may distribute its profit earnings amongst its shareholders and this can be done in a number of ways.

Right shares

A rights share is an issuance of new shares to existing shareholders. These are not free however they are usually below the current market price. Issuance of these new shares to existing shareholders is known as Right shares.

Bonus Shares

Shares of stock given to current shareholders, based upon the number of shares that a shareholder owns.

Dividends

Dividends are the distribution of a portion of a company’s earnings, decided by the board of directors, to a class of its shareholders. The dividend is most often quoted in terms of the currency amount each share receives (dividends per share).

Who is a nominee?

In case of death of shareholder, the person who will be entitled to get shares as per instructions of the deceased person is called nominee. Shares will be transferred to the name of nominee subject to such conditions or applicable provisions of the law. If there is no nominee of the shareholder than only a valid succession certificate will be considered as valid instructions.