MEL/Shariah/HY-2025 April 30, 2026
The General ManagerPakistan Stock Exchange Limited, Stock Exchange Road,
Karachi.
By PUCAR & Courier
Subject: Submission of Revised Shariah Disclosure (Half-Yearly Accounts - December 31, 2025)Dear Sir,
With reference to PSX Notice No. PSX/N-1419 dated December 24, 2025, issued in continuation of earlier notice PSX/N-1283 dated November 27, 2025, regarding mandatory compliance with Shariah disclosures, and pursuant to the requirements of Clause 5.6.9A.2 and Clause 5A.13(e)(ii) of the PSX Regulations, read with Clause VII of Part I of Schedule IV of the Companies Act, 2017, we would like to submit the following:
We confirm that the Company has already duly disclosed the Shariah Disclosure in its Half-Yearly Accounts for the period ended December 31, 2025, as required under the applicable regulatory framework, and the same was disseminated through PUCARS.
Further to your letter Ref. No. PSX/N-435 dated April 17, 2026, we are resubmitting the Shariah disclosure through PUCARS, wherein the relevant fields have been marked as "Not Applicable / Zero", in accordance with the nature and applicability of the disclosure requirements.
This submission is being made to ensure complete compliance with the applicable provisions of the PSX Regulations and the Companies Act, 2017.
We trust that this will be found in order.
Yours Sincerely
for MUGHAL ENERGY LIMITED
MUHAMMAD FAHAD HAFEEZ(Company Secretary)
CC: Executive Director/HOD
Offsite-II Department, Supervision Division,
Securities & Exchange Commission of Pakistan, Islamabad.
14 DISCLOSURE REQUIREMENT FOR COMPANIES NOT ENGAGED IN SHARIAH NON-PERMISSIBLE BUSINESS ACTIVITIES
Following information has been disclosed as required under amended part I clause VII of Fourth Schedule to the Companies Act, 2017 as amended via S.R.O.1278(I)/2024 dated August 15, 2024.
Half year ended As at December 31, December 31, December 31, June 30, 2025 2024 2025 2025 (Unaudited) (Unaudited) (Unaudited) (Audited) ----------------------------------------Rupees----------------------------------Transactions Outstanding balance
Condensed interim statement of financial position: | ||||
Liabilities side Financing (long-term and short-term financing) obtained as per Islamic | 2,848,919,507 | 922,012,853 | ||
mode | ||||
Interest or mark-up accrued on any conventional loan or advance | 11,883,017 | 9,491,572 | ||
Assets side Long-term and short-term Shariah compliant Investments | Not Applicable | Not Applicable | ||
Shariah compliant bank deposits / bank balances / TDRs | 39,013,222 | 14,673,519 | ||
Condensed interim statement of profit or loss: | ||||
Revenue earned from a Shariah compliant business segment | Not Applicable | Not Applicable | ||
Break-up of late payments or liquidated damages | Not Applicable | Not Applicable | ||
Gain or loss or dividend earned from Shariah compliant investments or | Not Applicable | Not Applicable | ||
share of profit from Shariah-compliant associates | ||||
Profit earned from Shariah compliant bank deposits , bank balances or TDRs | 6,353 | 12,379 | ||
Exchange gain earned from actual currency | Not Applicable | Not Applicable | ||
Exchange gain earned using conventional derivative financial | Not Applicable | Not Applicable | ||
instruments | ||||
Profit paid on Islamic mode of financing | Not Applicable | Not Applicable | ||
Total interest earned on any conventional loan or advance | Not Applicable | Not Applicable | ||
Profit on saving accounts | 6,353 | 12,379 |
Rental income | 21,000,000 | 1,916,640 |
Notional income against development of property | 13,717,506 | - |
Gain on sale of store items | 445,984 | - |
Net unrealized foreign exchange gain | 2,051 | - |
Balances written back | 30,000 | - |
35,201,894 | 1,929,019 |
The Company maintains good relationship with shariah compliant banks and carries out trade and other routine banking transactions with them.