Mughal Iron & Steel Industries : Re-Appointment of Chairman / Chief Executive Officer and Reconstitution of Board Committees
November 11, 2022 at 03:42 pm IST
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MISIL/ACC-1/2023
November 11, 2022
The General Manager
Pakistan Stock Exchange Limited,
Stock Exchange Building,
Stock Exchange Road,
Karachi.
By PUCAR & Courier
APPOINTMENT OF CHAIRMAN, CEO AND
RECONSTITUTION OF BOARD'S COMMITTEES
Dear Sir,
We would like to inform you that a meeting of the Board of Directors of Mughal Iron & Steel Industries Limited held at 11:30 am on Friday, November 11, 2022, at
31-A Shadman 1, Lahore, wherein:
Mirza Javed Iqbal has been re-appointed as Chairman of the Board of Directors for a term of three years.
Mr. Khurram Javaid has been re-appointed as the Chief Executive Officer of the Company for a term of three years.
The revised composition of the Board of Directors, the Audit Committee and Human Resource & Remuneration (HR&R) Committee is attached herewith as "ANNEXURE-A".
This is for your record and information.
Yours Sincerely
for MUGHAL IRON & STEEL INDUSTRIES LIMITED
MUHAMMAD FAHAD HAFEEZ
(Company Secretary)
CC: The Director / HOD
(Surveillance, Supervision and Enforcement Department), Securities & Exchange Commission of Pakistan, Islamabad
"ANNEXURE - A"
Board Composition:
Mr. Mirza Javed Iqbal
Mr. Khurram Javaid
(Chairman, Non-executive Director)
(CEO/ Director )
Mr. Abdul Rehman Qureshi
Mr. Muhammad Mubeen Tariq Mughal
(Independent, Non-executive Director)
( Executive Director)
Mr. Shoaib Ahmad Khan
Mr. Fazeel Bin Tariq
(Independent, Non-executive Director)
(Non-executive Director)
Ms. Mariam Khawar
Mr. Muhammad Mateen Jamshed
(Independent, Non-executive Director)
(Non-executive Director)
Mr. Jamshed Iqbal
( Executive Director)
Audit and Human Resource & Remuneration Committees are comprised of following members:
Audit Committee
Human Resource & Remuneration
Committee
Mr. Abdul Rehman Qureshi
Mr. Abdul Rehman Qureshi
(Chairman, Independent Director)
(Chairman, Independent Director)
Mr. Fazeel Bin Tariq
Mr. Mirza Javed Iqbal
(Non-executive Director)
(Non-executive Director)
Mr. Muhammad Mateen Jamshed
Mr. Fazeel Bin Tariq
(Non-executive Director)
(Non-executive Director)
"ANNEXURE - B"
DISCLOSURE FORM
IN TERMS OF SECTIONS 96 AND 131 OF THE SECURITIES ACT, 2015
Name of Company:
Mughal Iron & Steel Industries Limited
Date of Report:
November 11, 2022
Contact information:
Muhammad Fahad Hafeez
Company Secretary
31-A Shadman 1, Lahore
Contact No: 042-35960841(155)
Fax No:
042-35960846
Email:
fahadhafeez@mughalsteel.com
Please mark the appropriate box below:
Disclosure of inside information by listed company
Public disclosure of inside information, which directly concerns the listed securities:
We would like to inform you that a meeting of the Board of Directors of Mughal Iron & Steel Industries Limited held at 11:30 am on Friday, November 11, 2022, at 31-A Shadman 1, Lahore, wherein:
Mirza Javed Iqbal has been re-appointed as Chairman of the Board of Directors for a term of three years.
Mr. Khurram Javaid has been re-appointed as the Chief Executive Officer of the Company for a term of three years.
The revised composition of the Board of Directors, the Audit Committee and Human Resource & Remuneration (HR&R) Committee is attached herewith as "ANNEXURE-A".
SIGNATURES
In case of company pursuant to the requirements of the securities Exchange Ordinance 1969 (XVII), the Company has duly caused this form / statement to be signed / on its behalf by the undersigned hereunto duly authorized.
Yours Sincerely,
For MUGHAL IRON & STEEL INDUSTRIES LIMITED
MUHAMMAD FAHAD HAFEEZ
(Company Secretary)
Dated: November 11, 2022
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Disclaimer
Mughal Iron & Steel Industries Ltd. published this content on 11 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 10:11:00 UTC.
Mughal Iron & Steel Industries Limited is a Pakistan-based steel company. The Company is involved in multidimensional activities, including making billets of mild steel, spring steel, deformed bar, re-bar, cold twisted rebar and a range of sections, such as I.Beams, L.Sections, C.Section, H.Beam, T.Bar and other in the downstream industry. The Company has two segments. Ferrous segment comprises of long-rolled mild steel related products. Non-ferrous segment comprises of copper and related waste items. It offers its products under various categories, including Smelting, such as Ferro Silicomanganese, Ferro Chrome and Ferro Silicon; Billet, such as Mild Carbon Billets, Spring Steels, Austentic Stainless Steel, Ferrite Stainless steels and Alloys Steels; Bars, including Deformed Bars, Re-inforcement Bars and Thermax Bars; Beams, including I Beams (Girders), Angle Section (L Section), T Bar (T section) and C Channel, and Grade and Specifications, including ASTM A 615 G-40 and ASTM A 321.