Annual general meeting of Metropolitan Steel Corporation Limited to be held on May 31, 2016

Karachi, Metropolitan Steel Corporation Limited informed Pakistan Stock Exchange that 59th annual general meeting of the company is scheduled to be held on May 31, 2016 at Karachi.

The agenda of the meeting will be confirming the minutes of last annual general meeting held on March 16, 2015, consideration of the audited financial statement of the company for the year ended June 30, 2014, appointing and fixing the remuneration of the auditors. The election of the directors for the forthcoming period for three years from the appointment date shall also be done in the meeting.

Further, the closed period of the company is from May 25, 2016 to May 31, 2016 (both days inclusive).

Metropolitan Steel Corporation Limited is a public limited company incorporated in Pakistan under the Companies Ordinance, 1984. Initially it was established as a private limited company in 1954 and was later converted into a public limited company in 1958. The company manufactures deformed bars, tor steel bars, structural steel, towers, stand wire and concrete wire. The company also provides steel re-rolling, wire drawing, steel fabrication and cold profile complex in Pakistan. The stocks of the company are quoted on the Karachi Stock Exchange. The registered office of the company is located in Karachi.

MSCL is operating under the management of M/s Alloy Steel Company Private Limited. The total annual production capacity is more than 10,000 metric tons.

The symbol “MSCL” is being used by the stock exchanges for the shares of Metropolitan Steel Corporation Limited.