MISIL/FY/AR/2026 September 15, 2026
The General Manager Pakistan Stock Exchange Limited,
Stock Exchange Building, Stock Exchange Road, Karachi.
By PUCAR & Courier
FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 30, 2026Dear Sir,
We have to inform you that the Board of Directors of Mughal Iron & Steel Industries Limited in their meeting held on September 15, 2026 at 11:45 a.m. at 31-A Shadman 1, Lahore, have considered and approved the Audited Financial Statements (Standalone & Consolidated) of the Company for the year ended June 30, 2026 and recommended the following:
Cash Dividend
A final cash dividend for the year ended June 30, 2026 @ Rs. 2.00 per Ordinary Shares and Ordinary Class - C Shares i.e. 20%.
The recommended entitlement will be paid to the shareholders whose names will appear in the Register of Members on October 19, 2026.
Bonus Shares NIL
Right Shares NIL
Any other entitlement/corporate action / any other price-sensitive information:
The below mention Financial Statements (Standalone & Consolidated) of the Company for the year ended June 30, 2026 are attached herewith as Annexure - A,
Statement of Profit or Loss;
Statement of Financial Position;
Statement of Changes in Equity; and
Statement of Cash Flows.
Subject to approval of the members, to provide advance / running finance facility to Mughal Energy Limited (Subsidiary Company) up to Rs. 500/- million.
Subject to approval of the members, to provide corporate guarantee facility up to Rs. 3,000/- million to Mughal Energy Limited (Subsidiary Company).
Subject to approval of the members, to amend the Memorandum and Articles of Association of the Company to increase the authorized share capital of the Company.
Subject to approval of the members, allow the Company to issue "Ordinary Class-B shares.
The Annual General Meeting of the Company will be held on Wednesday, October 28, 2026 at 11:45 a.m. at Avari Hotel, Shahrah-e-Quaid-e-Azam, Lahore.
The share transfer books (Ordinary & Ordinary Class - C) of the Company will remain closed from October 20, 2026 to October 28, 2026 (both days inclusive). Physical transfers / Central Depository System (CDS) Transaction IDs received in order by the Company's Share Registrar, M/s. THK Associates (Private) Limited, 32-C, Jami Commercial Street 2, D.H.A Phase-VII, Karachi, up to the close of business on October 19, 2026, will be considered in time for the entitlement of the members (Ordinary & Ordinary Class - C) to dividend and to participate and vote at the Annual General Meeting.
The Annual Report of the Company will be transmitted through PUCARS at least 21 days before holding of Annual General Meeting.
Yours Sincerely
for MUGHAL IRON & STEEL INDUSTRIES LIMITED
MUHAMMAD FAHAD HAFEEZ
(Company Secretary)
CC: Executive Director/HOD
Offsite-II Department, Supervision Division,
Securities & Exchange Commission of Pakistan, Islamabad
The Director / HOD
Corporate Supervision Department
Securities & Exchange Commission of Pakistan, Islamabad
STATEMENT OF PROFIT OR LOSS
FOR THE YEAR ENDED JUNE 30, 2026
2026 2025
Rupees
Gross sales | 90,921,567,527 | 102,791,772,465 | ||
Sales tax | (12,889,669,943) | (13,311,807,103) | ||
Net sales before commission | 78,031,897,584 | 89,479,965,362 | ||
Commission | (73,695,325) | (66,039,032) | ||
Net sales | 77,958,202,259 | 89,413,926,330 | ||
Cost of sales | (69,301,652,592) | (81,275,953,032) | ||
GROSS PROFIT | 8,656,549,667 | 8,137,973,298 | ||
Sales and marketing expenses | (239,266,966) | (227,763,159) | ||
Administrative expenses | (1,176,373,828) | (903,790,698) | ||
Other charges | (271,568,967) | (149,313,774) | ||
Allowance for expected credit losses - (charge) / reversal | (103,054,020) | 22,558,982 | ||
Other income | 548,762,708 | 200,631,712 | ||
Finance cost | (3,821,251,268) | (5,723,029,048) | ||
(5,062,752,341) | (6,780,705,985) | |||
PROFIT BEFORE LEVIES AND TAXATION | 3,593,797,326 | 1,357,267,313 | ||
Levies | (89,232,077) | 482,232,687 | ||
PROFIT BEFORE TAXATION | 3,504,565,249 | 1,839,500,000 | ||
Taxation | (1,017,195,675) | (873,981,826) | ||
PROFIT FOR THE YEAR | 2,487,369,574 | 965,518,174 | ||
EARNINGS PER SHARE - BASIC AND DILUTED | 6.75 | 2.83 | ||
Mughal Iron & Steel Industries Limited |
Muhammad Fahad Hafeez Company Secretary
STATEMENT OF FINANCIAL POSITION
AS AT JUNE 30, 2026
2026 2025
Rupees
Muhammad Fahad Hafeez Company Secretary
ASSETS NON - CURRENT ASSETS | ||||
Property, plant and equipment | 31,417,267,847 | 20,359,851,220 | ||
Long-term investment | 3,150,000,000 | 3,150,000,000 | ||
Long-term loans | 690,124,775 | 2,552,252,447 | ||
Long-term deposits | 2,838,069 | 2,838,069 | ||
35,260,230,691 | 26,064,941,736 | |||
CURRENT ASSETS | ||||
Inventories | 11,860,923,805 | 15,616,656,225 | ||
Trade debts | 22,854,968,545 | 15,231,833,733 | ||
Loans and advances | 227,788,503 | 246,534,884 | ||
Deposits, prepayments and other receivables | 296,406,301 | 474,062,912 | ||
Due from the government | 7,900,939,089 | 6,728,228,115 | ||
Short-term investments and other financial assets | 1,030,793,926 | 238,625,512 | ||
Cash and bank balances | 6,661,017,783 | 3,091,778,725 | ||
50,832,837,952 | 41,627,720,106 | |||
TOTAL ASSETS | 86,093,068,643 | 67,692,661,842 | ||
EQUITY AND LIABILITIES | ||||
SHARE CAPITAL & RESERVES | ||||
Authorized share capital | 10,000,000,000 | 10,000,000,000 | ||
Issued, subscribed and paid-up capital | 3,686,963,800 | 3,686,963,800 | ||
Capital reserves | 4,447,578,494 | 4,447,578,494 | ||
Revaluation surplus on property, plant and equipment | 8,710,382,435 | 3,899,891,432 | ||
Un-appropriated profit | 19,371,374,169 | 16,784,821,236 | ||
36,216,298,898 | 28,819,254,962 | |||
LIABILITIES | ||||
NON - CURRENT LIABILITIES | ||||
Long-term financing - secured | 13,286,898,464 | 4,042,495,007 | ||
Deferred taxation | 5,550,694,151 | 2,450,607,985 | ||
Defined benefit obligation | 1,196,759,537 | 956,105,853 | ||
Deferred liabilities | 86,902,178 | 77,486,288 | ||
20,121,254,330 | 7,526,695,133 | |||
CURRENT LIABILITIES | ||||
Trade and other payables | 4,375,120,656 | 6,766,003,470 | ||
Unclaimed dividends | 2,954,068 | 2,954,068 | ||
Unpaid dividends | 7,847,407 | 7,847,407 | ||
Accrued profit / mark-up | 588,332,016 | 595,746,145 | ||
Short-term borrowings | 21,616,237,799 | 22,884,735,854 | ||
Current portion of long-term financing - secured | 3,162,373,006 | 1,086,385,517 | ||
Current portion of deferred grant | 2,650,463 | 3,039,286 | ||
29,755,515,415 | 31,346,711,747 | |||
TOTAL LIABILITIES | 49,876,769,745 | 38,873,406,880 | ||
TOTAL EQUITY AND LIABILITIES | 86,093,068,643 | 67,692,661,842 | ||
CONTINGENCIES AND COMMITMENTS | ||||
Mughal Iron & Steel Industries Limited |
MUGHAL IRON & STEEL INDUSTRIES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED JUNE 30, 2026
Issued, subscribed and paid-up capital
Capital Reserves
Revenue Reserve
Ordinary shares
Ordinary Class-C shares
Share premium account - ordinary shares
Share premium account - ordinary Class-C shares
Contingency reserve
Revaluation surplus on property, plant and equipment
Un-appropriated profit
Total Equity
(Rupees) | |||||||||||||
BALANCE AS AT JUNE 30, 2024 | 3,356,339,330 | - | 2,324,952,020 | - | 980,000,000 | 3,740,482,178 | 15,733,717,082 | 26,135,490,610 | |||||
Profit for the year | - | - | - | - | - | - | 965,518,174 | 965,518,174 | |||||
Other comprehensive income for the year - net of tax | - | - | - | - | - | 233,720,265 | 11,274,969 | 244,995,234 | |||||
Total comprehensive income for the year | - | - | - | - | - | 233,720,265 | 976,793,143 | 1,210,513,408 | |||||
Transfer of Incremental depreciation relating to revaluation surplus on property, plant and equipment - net of tax | - | - | - | - | - | (68,062,264) | 68,062,264 | - | |||||
Transfer of incremental depreciation relating to revaluation surplus on property, plant and equipment on disposal - net of tax | - | - | - | - | - | (6,248,747) | 6,248,747 | - | |||||
Transaction with owners in their capacity as owners recognized directly in equity | |||||||||||||
Issue of 33,062,447 ordinary Class-C shares of Rs. 10/- each fully paid in cash at a premium of Rs. 35/- per share | - | 330,624,470 | - | 1,157,185,645 | - | - | - | 1,487,810,115 | |||||
Transaction costs relating to issue of ordinary Class-C shares - - - (14,559,171) - - - (14,559,171)
BALANCE AS AT JUNE 30, 2025 3,356,339,330 330,624,470 2,324,952,020 1,142,626,474 980,000,000 3,899,891,432 16,784,821,236 28,819,254,962
-
36,216,298,898
114,781,443
19,371,374,169
(114,781,443)
8,710,382,435
-
980,000,000
-
1,142,626,474
-
2,324,952,020
-
330,624,470
-
3,356,339,330
7,397,043,936
2,471,771,490
4,925,272,446
-
-
-
-
-
-
-
-
-
-
-
-
-
2,487,369,574
4,909,674,362
2,487,369,574
(15,598,084)
-4,925,272,446
-
-
Profit for the year
Other comprehensive income for the year - net of tax Total comprehensive income for the year
Transfer of incremental depreciation relating to revaluation surplus on property, plant and equipment - net of tax BALANCE AS AT JUNE 30, 2026
Mughal Iron & Steel Industries Limited
Muhammad Fahad Hafeez Company Secretary
STATEMENT OF CASH FLOWSFOR THE YEAR ENDED JUNE 30, 2026
CASH FLOWS FROM OPERATING ACTIVITIES
2026 2025
Rupees
Cash used in / generated from operations | (372,286,711) | 15,777,833,811 | |
Decrease in long-term loans to employees - net | 15,858,294 | 3,227,920 | |
Defined benefits paid | (45,212,971) | (51,983,214) | |
Workers' profit participation fund paid | (75,410,439) | (42,186,946) | |
Workers' welfare fund paid | (27,699,333) | (14,173,933) | |
Levies and taxes - refunds / payments - net | 132,442,361 | (1,781,431,250) | |
Net cash used in / generated from operating activities | (372,308,799) | 13,891,286,388 | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Payments for acquisition of property, plant and equipment | (3,845,258,779) | (1,399,444,903) | |
Proceeds from disposal of property, plant and equipment | 23,396,045 | 69,086,190 | |
Proceeds from redemption of long-term debt instrument | - | 49,970,000 | |
Long-term loan issued to subsidiary company | - | (2,500,000,000) | |
Repayment of long-term loan by subsidiary company | 1,858,333,333 | - | |
Repayment of short-term loan by subsidiary company | - | 770,772,162 | |
Profit received on long-term debt instrument | - | 7,607,372 | |
Profit received on short-term debt instruments | 4,360,546 | 1,741,007 | |
Profit received on short-term deposit receipts | 142,027 | 4,850,296 | |
Finance income received on short-term loan to subsidiary company Finance income received on long-term loan to subsidiary company | - 326,750,115 | 138,048,801 - | |
Net cash used in investing activities | (1,632,276,713) | (2,857,369,075) | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Proceeds from long-term financing | 12,406,776,520 | 2,500,000,000 | |
Repayments of long-term financing | (1,089,422,462) | (3,955,076,610) | |
Repayment of short-term borrowings - net | (1,268,201,727) | (4,937,431,614) | |
Proceeds from issuance of ordinary Class-C shares | - | 1,487,810,115 | |
Transaction costs relating to issue of ordinary Class-C shares | - | (14,559,171) | |
Finance cost paid | (3,681,012,384) | (6,186,208,750) | |
Dividends paid | - | (171,861) | |
Net cash generated from / used in financing activities | 6,368,139,947 | (11,105,637,891) | |
NET INCREASE / DECREASE IN CASH AND CASH EQUIVALENTS | 4,363,554,435 | (71,720,579) | |
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR | 3,328,402,177 | 3,397,555,530 | |
NET EXCHANGE DIFFERENCE ON FOREIGN CURRENCY ACCOUNTS | (941,819) | 2,567,225 | |
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR | 7,691,014,793 | 3,328,402,177 |
Mughal Iron & Steel Industries Limited
Muhammad Fahad Hafeez Company Secretary
CONSOLIDATED STATEMENT OF PROFIT OR LOSSFOR THE YEAR ENDED JUNE 30, 2026
2026 2025
Rupees
Gross sales | 90,921,567,527 | 102,279,112,016 | |
Sales tax | (12,889,669,943) | (13,233,604,654) | |
Net sales before commission | 78,031,897,584 | 89,045,507,362 | |
Commission | (73,695,325) | (66,039,032) | |
Net sales | 77,958,202,259 | 88,979,468,330 | |
Cost of sales | (69,261,358,640) | (80,887,405,032) | |
GROSS PROFIT | 8,696,843,619 | 8,092,063,298 | |
Sales and marketing expenses | (239,266,966) | (227,763,159) | |
Administrative expenses | (1,216,978,355) | (929,613,884) | |
Other charges | (272,404,177) | (150,104,024) | |
Allowance for expected credit losses - (charge) / reversal | (103,054,020) | 22,558,982 | |
Other income | 188,642,907 | 84,855,450 | |
Finance cost | (3,753,673,435) | (5,648,022,831) | |
(5,396,734,046) | (6,848,089,466) | ||
PROFIT BEFORE LEVIES AND TAXATION | 3,300,109,573 | 1,243,973,832 | |
Levies | (89,232,077) | 482,232,687 | |
PROFIT BEFORE TAXATION | 3,210,877,496 | 1,726,206,519 | |
Taxation | (1,017,195,675) | (873,981,826) | |
PROFIT FOR THE YEAR | 2,193,681,821 | 852,224,693 | |
SHARE OF PROFIT / (LOSS) FOR THE YEAR ATTRIBUTABLE TO: | |||
- Owners of the Company | 2,192,828,169 | 854,213,833 | |
- Non-controlling interest | 853,652 | (1,989,140) | |
2,193,681,821 | 852,224,693 |
EARNINGS PER SHARE - BASIC AND DILUTED 5.95 2.50
Mughal Iron & Steel Industries Limited
Muhammad Fahad Hafeez Company Secretary
MUGHAL IRON & STEEL INDUSTRIES LIMITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2026
2026 2025
Rupees
Mughal Iron & Steel Industries Limited
Muhammad Fahad Hafeez
ASSETS NON - CURRENT ASSETS | |||
Property, plant and equipment | 40,165,309,748 | 26,645,915,813 | |
Long-term loans | 48,458,108 | 52,252,447 | |
Long-term deposits | 2,925,569 | 2,925,569 | |
40,216,693,425 | 26,701,093,829 | ||
CURRENT ASSETS | |||
Inventories | 13,161,305,319 | 15,616,656,225 | |
Trade debts | 22,854,968,545 | 15,231,833,733 | |
Loans and advances | 227,788,503 | 246,534,884 | |
Deposits, prepayments and other receivables | 410,300,013 | 461,136,265 | |
Due from the government | 9,156,312,162 | 7,486,813,380 | |
Short-term investments and other financial assets | 1,030,793,926 | 238,625,512 | |
Cash and bank balances | 6,766,428,390 | 3,106,539,505 | |
53,607,896,858 | 42,388,139,504 | ||
TOTAL ASSETS | 93,824,590,283 | 69,089,233,333 | |
EQUITY AND LIABILITIES | |||
SHARE CAPITAL & RESERVES | |||
Authorized share capital | 10,000,000,000 | 10,000,000,000 | |
Issued, subscribed and paid-up capital | 3,686,963,800 | 3,686,963,800 | |
Capital reserves | 4,447,578,494 | 4,447,578,494 | |
Revaluation surplus on property, plant and equipment | 9,254,936,817 | 3,899,891,432 | |
Un-appropriated profits | 18,860,540,849 | 16,568,529,321 | |
Equity attributable to owners of the Company | 36,250,019,960 | 28,602,963,047 | |
Non-controlling interest | 378,108,510 | 321,104,240 | |
36,628,128,470 | 28,924,067,287 | ||
LIABILITIES | |||
NON - CURRENT LIABILITIES | |||
Long-term financing - secured | 16,623,196,573 | 4,813,429,321 | |
Deferred taxation | 5,550,694,151 | 2,450,607,985 | |
Defined benefit obligation | 1,196,759,537 | 956,105,853 | |
Deferred liabilities | 86,902,178 | 77,486,288 | |
23,457,552,439 | 8,297,629,447 | ||
CURRENT LIABILITIES | |||
Trade and other payables | 4,525,724,942 | 6,922,946,600 | |
Unclaimed dividends | 2,954,068 | 2,954,068 | |
Unpaid dividends | 7,847,407 | 7,847,407 | |
Accrued profit / mark-up | 640,513,390 | 614,701,293 | |
Short-term borrowings | 22,019,671,370 | 22,884,735,854 | |
Short-term loans from Directors and their relatives - unsecured | 3,127,545,844 | 264,508,448 | |
Current portion of long-term financing - secured | 3,412,001,890 | 1,166,803,643 | |
Current portion of deferred grant | 2,650,463 | 3,039,286 | |
33,738,909,374 | 31,867,536,599 | ||
TOTAL LIABILITIES | 57,196,461,813 | 40,165,166,046 | |
TOTAL EQUITY AND LIABILITIES | 93,824,590,283 | 69,089,233,333 | |
CONTINGENCIES AND COMMITMENTS |
MUGHAL IRON & STEEL INDUSTRIES LIMITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED JUNE 30, 2026
Attributable to owners of the Company
Issued, subscribed and paid-up capital
Ordinary shares Ordinary Class-C
shares
Share premium account - ordinary shares
Capital Reserves
Share premium
account - ordinary Contingency reserve Class-C shares
Revaluation surplus on property, plant and equipment
Revenue Reserve
Un-appropriated profits
Shareholders' equity
Non-controlling interest
Total Equity
- - | - - |
854,213,833 | (1,989,140) |
244,995,234 | - |
(Rupees)
BALANCE AS AT JUNE 30, 2024 | 3,356,339,330 | - | 2,324,952,020 | - | 980,000,000 | 3,740,482,178 | 15,628,729,508 | 26,030,503,036 | 323,093,380 | 26,353,596,416 | ||||||||
Profit / (loss) for the year | - | - | - | - | 854,213,833 | 852,224,693 | ||||||||||||
Other comprehensive income for the year - net of tax | - | - | - | 233,720,265 | 11,274,969 | 244,995,234 | ||||||||||||
Total comprehensive income / (loss) for the year | - | - | - | - | - | 233,720,265 | 865,488,802 | 1,099,209,067 | (1,989,140) | 1,097,219,927 | ||||||||
Transfer of incremental depreciation relating to revaluation | ||||||||||||||||||
surplus on property, plant and equipment - net of tax - | - | - | - | - | (68,062,264) | 68,062,264 | - | - | - | |||||||||
Transfer of incremental depreciation relating to revaluation surplus on property, plant and equipment on disposal - net of tax - | - | - | - | - | (6,248,747) | 6,248,747 | - | - | - | |||||||||
Transaction with owners in their capacity as owners recognized directly in equity | ||||||||||||||||||
Issue of 33,062,447 ordinary Class-C shares of Rs. 10/- each fully paid in cash at a premium of Rs. 35/- per share | - | 330,624,470 | - | 1,157,185,645 | - | - | - | 1,487,810,115 | - | 1,487,810,115 | ||||||||
Transaction costs relating to issue of ordinary Class-C shares | - - - (14,559,171) - - - | (14,559,171) | - | (14,559,171) | |
BALANCE AS AT JUNE 30, 2025 | 3,356,339,330 330,624,470 2,324,952,020 1,142,626,474 980,000,000 3,899,891,432 16,568,529,321 | 28,602,963,047 | 321,104,240 | 28,924,067,287 |
Profit for the year | - | - | - | - | 2,192,828,169 | 2,193,681,821 | |||||||||
Other comprehensive income / (loss) for the year - net of tax | - | - | - | 5,469,826,828 | (15,598,084) | 5,510,379,362 | |||||||||
Total comprehensive income for the year | - | - | - | - - | 5,469,826,828 | 2,177,230,085 | 7,647,056,913 57,004,270 | 7,704,061,183 | |||||||
Transfer of incremental depreciation relating to revaluation surplus on property, plant and equipment - net of tax | - | - | - | - - | (114,781,443) | 114,781,443 | - - | - | |||||||
BALANCE AS AT JUNE 30, 2026 | 3,356,339,330 | 330,624,470 | 2,324,952,020 | 1,142,626,474 980,000,000 | 9,254,936,817 | 18,860,540,849 | 36,250,019,960 378,108,510 | 36,628,128,470 |
- - | - - |
2,192,828,169 | 853,652 |
5,454,228,744 | 56,150,618 |
- Mughal Iron & Steel Industries Limited
Muhammad Fahad Hafeez Company Secretary
MUGHAL IRON & STEEL INDUSTRIES LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED JUNE 30, 2026
2026 2025
Rupees
CASH FLOWS FROM OPERATING ACTIVITIES
Cash used in / generated from operations | (2,266,787,562) | 15,507,004,823 | |
Decrease in long-term loans to employees - net | 15,858,294 | 3,227,920 | |
Defined benefits paid | (45,212,971) | (51,983,214) | |
Workers' profit participation fund paid | (75,410,439) | (42,186,946) | |
Workers' welfare fund paid | (27,699,333) | (14,173,933) | |
Levies and taxes - refund / payments - net | 85,333,964 | (1,787,141,307) | |
Net cash used in / generated from operating activities | (2,313,918,047) | 13,614,747,343 | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Payments for acquisition of property, plant and equipment | (5,730,397,760) | (3,310,146,953) | |
Proceeds from disposal of property, plant and equipment | 23,396,045 | 69,086,190 | |
Proceeds from redemption of long-term debt instrument | - | 49,970,000 | |
Profit received on long-term debt instrument | - | 7,607,372 | |
Profit received on short-term debt instruments | 4,360,546 | 1,741,007 | |
Profit received on short-term deposit receipts | 142,027 | 4,850,296 | |
Net cash used in investing activities | (5,702,499,142) | (3,176,892,088) | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Proceeds from long-term financing | 14,876,352,784 | 2,942,837,613 | |
Repayments of long-term financing | (824,424,173) | (3,968,561,783) | |
Repayment of short-term borrowings - net | (866,680,827) | (4,937,431,614) | |
Proceeds from / repayment of short-term loans from Directors and their relatives - net | 2,863,037,396 | (112,475,015) | |
Proceeds from issuance of ordinary Class-C shares | - | 1,487,810,115 | |
Transaction costs relating to issue of ordinary Class-C shares | - | (14,559,171) | |
Finance cost paid | (3,579,576,400) | (6,097,920,014) | |
Dividends paid | - | (171,861) | |
Net cash generated from / used in financing activities | 12,468,708,780 | (10,700,471,730) | |
NET INCREASE / DECREASE IN CASH AND CASH EQUIVALENTS | 4,452,291,591 | (262,616,475) | |
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR | 3,343,162,957 | 3,603,212,207 | |
NET EXCHANGE DIFFERENCE ON FOREIGN CURRENCY ACCOUNTS | (941,819) | 2,567,225 | |
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR | 7,794,512,729 | 3,343,162,957 |
Mughal Iron & Steel Industries Limited
Muhammad Fahad Hafeez Company Secretary