Mughal Iron & Steel Industries : Submission of revised Shariah disclosure (Half yearly accounts – December 31, 2025)

MISIL/Shariah/HY-2025 April 30, 2026

The General Manager

Pakistan 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 IRON & STEEL INDUSTRIES LIMITED

MUHAMMAD FAHAD HAFEEZ

(Company Secretary)

CC: Executive Director/HOD

Offsite-II Department, Supervision Division,

Securities & Exchange Commission of Pakistan, Islamabad.

Standalone condensed interim statement of financial position

1. 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,
   

   2025
   

   December 31,

   2024

   December 31,
   

   2025
   

   June 30, 2025

   (Unaudited) (Unaudited) (Unaudited) (Audited) Rupees Rupees

   Transactions Outstanding balances

   Condensed interim statement of financial position: Liabilities side
   Financing (long-term, short-term or lease financing) obtained as per Islamic mode			17,153,703,261	16,626,361,973
   Interest or mark-up accrued on any conventional loan or advance			298,795,034	289,415,699
   Assets side
   Long-term and short-term Shariah compliant Investments			3,170,851,240	3,318,955,091
   Shariah compliant bank deposits / bank balances / TDRs			2,744,244,264	2,955,102,885
   Condensed interim statement of profit or loss: Revenue earned from a Shariah compliant business segment	48,138,827,147	53,518,356,954
   Break-up of late payments or liquidated damages	Not Applicable	Not Applicable
   Gain or loss or dividend earned on Shariah-compliant investments or share of
   profit from Shariah-compliant associates	Not Applicable	Not Applicable
   Profit earned from Shariah compliant bank deposits , balances / TDRs	10,728,609	34,008,788
   Exchange gain earned from actual currency	Not Applicable	Not Applicable
   Exchange gain earned using conventional derivative financial instruments	Not Applicable	Not Applicable
   Profit paid on Islamic mode of financing	1,011,276,612	1,676,605,701
   Total interest earned on any conventional loan or advance	168,399,315	78,302,089

   
   Sources and detailed breakup of other income, including breakup of other or miscellaneous portions of other income into Shariah-compliant and non-compliant income:
   

   Non-Shariah compliant

   Profit on saving accounts	3,431,793	2,027,396
   Finance income on long-term loan to subsidiary company	168,399,315	–
   Finance income on short-term loan to subsidiary company – 78,302,089
   	171,831,108	80,329,485
   Shariah compliant
   Profit on saving accounts	10,728,609	34,008,788
   Profit on term deposit receipts	–	783,796
   Profit on long-term debt instrument	–	5,419,210
   Profit on short-term debt instrument	2,160,188	187,945
   Foreign exchange gain – net	37,615,793	26,786,397
   Gain on disposal of tangible fixed assets	1,834,285	7,423,870
   Balances written back – net	57,496,473	–
   Gain / loss on sale of store items 40,097,491 (2,486)

   149,932,839 74,607,520

   
   321,763,947 154,937,005

   Relationship with Shariah-compliant financial institutions, including banks, takaful operator and their windows:
   

   The Company maintains good relationship with shariah compliant banks / takaful operators and carries out trade and other routine banking / takaful transactions with them.

   Consolidated condensed interim statement of financial position
   

2. 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,

2025

December 31,

2024

December 31,

2025

June 30, 2025

(Unaudited) (Unaudited) (Unaudited) (Audited) Rupees Rupees

Transactions Outstanding balances

Sources and detailed breakup of other income, including breakup of other or miscellaneous portions of other income into Shariah-compliant and non-compliant income:

Non-Shariah compliant

Profit on saving accounts 3,431,793 2,027,396

Loss on sale of store items – (2,486)

109,873,752 76,536,539

113,305,545 78,563,935

Relationship with Shariah-compliant financial institutions, including banks, takaful operator and their windows:

The Company maintains good relationship with shariah compliant banks / takaful operators and carries out trade and other routine banking / takaful transactions with them.

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Mughal Iron & Steel Industries Ltd. published this content on April 30, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 30, 2026 at 05:42 UTC.