We are pleased to inform you that the directors of Mughal Iron & Steel Industries Limited (MUGHAL) in their meeting held on 30-10-15 at Lahore, have considered and approved the “Interim Financial Statement” of the company for the period ended September 30, 2015 and recommended the Following:
(i) Cash Dividend
A Interim Cash Dividend for the Quarter Ended Sep 2015 at Rs Nil per share i.e NIL %.
(ii) Bonus Shares
It has been recommended by the board of directors to issue Bonus share in the proportion of NIL Share(s) for every NIL Share(s) held i.e NIL%.
(iii) Right Shares
The board has recommended to issue NIL% Right Shares at par/at a discount/premium of Rs.NIL per Share in proportion of NIL share(s) for every NIL share(s).The Entitlement of Right Share being declare simultaneously will be/will not be applicable on Bonus Share as declare above.