Project Status of 36.50 Hybrid Power Project of Mughal energy Limited (Subsidiary Company)

Ref: MISIL/PSX-MISC/2026 February 26, 2026

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road Karachi.

SUBJECT: 36.50 MW HYBRID POWER PLANT - MUGHAL ENERGYLIMITED

Dear Sir,

We are pleased to inform you that Mughal Energy Limited, a wholly-owned subsidiary of Mughal Iron & Steel Industries Limited, has successfully achieved a key milestone in the development of its 36.50 MW Hybrid Power Plant, that steam blowing of the boiler and main steam lines has been successfully completed. The plant has also successfully achieved controlled cooling down procedures following steam blowing. The plant is now undergoing final testing and safety measures to commence power generation and commercial billing within March 2026.

Yours Sincerely,

For MUGHAL IRON & STEEL INDUSTRIES LIMITED

(Company Secretary)

CC: The Director Enforcement

Securities & Exchange Commission of Pakistan Islamabad.