Clarification

>«»++* MVGH1LIR0N & STEELINDUSTRIESLIMITED

ATRADITION OF BUAIJTY

I):ile: January 05, 2026

The General Manager

Stock ExchangeBuildilig Stock Exchange Road Karachi

Dcar Sir,

This is with reference to your letter # Ref. No. PSX Gen-20 dated January 02, 2026 regarding

unusual trading activity observed in the shares of Mughal Iron & Steel Industries Limited - Class

In this regard, we would like to inform you that the management of the Company is not aware of any material infornution, development, decision, or event which may have causcd or contributed to the unusual movement in the price and/or volume of the Company's shares.

All material information required to be disclosed under the applicable laws, rules, and PSX Itegulations has been duly disseminated to the Exchange in a timely mariner.

We further confirm that should any material information arise in future which may have a bearing on the price of the Conipany'5 shares, the same shall be promptly communicated to the Pakistan Stock Exchange in accordance with the applicable regulatory requirements.

We trust the above clarifies the matter. Yours sincerely,

For & on behalf

Mughal Iron & Steel Industries Limited

iami Hafeez

Cofnpa Secretary

31-A, Shadman-1, Lahore. Ofice: *92-42-35960841-3 Fax +92-42-359608d6

E-mail. fahadhafeez@mughalsteel.com Web: https://www.mughalsIeei.com

NTN: 3585975-6

STRN: 03-06-7326-012-82

17-K.M. Sheikhupura Road. Sheikhupur Tel: •92-42-37970226-7

Fax: +92-42-37970326