Appointment of Chairman, CEO and Reconstitution of Board Committees

MISIL/ACC-1/2025 November 10, 2025

The General Manager

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road, Karachi.

By PUCAR & Courier

Dear Sir,

APPOINTMENT OF CHAIRMAN, CEO AND RECONSTITUTION OF BOARD'S COMMITTEES

We would like to inform you that a meeting of the Board of Directors of Mughal Iron & Steel Industries Limited held at 12:30 pm on Monday, November 10, 2025, at 31-A Shadman 1, Lahore, wherein:

• Mr. 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, Human Resource & Remuneration (HR&R) Committee and Environment, Social and Governance (ESG) 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

• Mr. Mirza Javed Iqbal

  (Chairman, Non-executive Director)

• Mr. Shoaib Ahmad Khan (Independent, Non-executive Director)

• Mr. Muhammad Aslam Bhatti (Independent, Non-executive Director)

• Mr. Muhammad Mateen Jamshed (Non-executive Director)

• Mr. Khurram Javaid

  (CEO/ Executive Director )

• Mr. Jamshed Iqbal

  ( Executive Director)

• Mrs. Samina Jamshed (Non-executive Director)

  Audit, Human Resource & Remuneration Committees and Environment, Social and Governance (ESG) Committee are comprised of following members:

  Audit Committee Human Resource & Remuneration Committee

  • Mr. Shoaib Ahmad Khan (Chairman)

  • Mr. Muhammad Aslam Bhatti (Member)

  • Mr. Shoaib Ahmad Khan (Chairman)

  • Mr. Mirza Javed Iqbal (Member)

  • Mr. Mirza Javed Iqbal (Member)

  • Mr. Muhammad Mateen Jamshed (Member)

    Environment, Social and Governance (ESG) Committee

  • Mirza Javed Iqbal (Chairman)

  • Mrs. Samina Jamshed (Member)

  • Mr. Muhammad Mateen Jamshed (Member)

"ANNEXURE - B"

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 12:30 pm on Monday, November 10, 2025, 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".

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

(Company Secretary) Dated: November 10, 2025