INTERNATIONAL STEELS LIMITED FINANCIAL RESULTS FOR THE YEAR ENDED 30-06-2022

The Board of Directors of International Steels Limited in their meeting held on August 18, 2022 at the registered office of the  Company reviewed the audited annual financial results of the Company for the year ended June 30, 2022 and recommended the following;

(i)           CASH DMDEND
A final cash dividend of Rs.4.50 per share i.e. 45 % . Thi s is in addition to the Rs.2.0
i.e. 20% interim cash dividend a lre ady announced and paid, makin g a total dividend of Rs.6.50 per share i.e. 65% per share for the year ended June 30, 2022.
 
(ii)          BONUS SHARES I RIGHT SHARES
            -   NIL
 
(iii)      ANY OTHER ENTITLEMENT/ CORPORATE ACTION
            -  NIL
 
(iv)        ANY OTHER PRICE SENSITIVE INFORMATION
        The financial results of the Company are attached.
 
Annual General Meeting:
 

The 15th Annual General Meeting of the Company will be held on  Thursday, September 29, 2022 at 11.00 a.m. at the Jasmin, Beach Luxury Hotel, Off: M.T. Khan Road, Karachi. Members are encouraged to attend the meeting through video conferencing to help in preventing the spread of COVID19.
 
Book Closure:
 
The Share Transfer Books of the Company will remain closed from September 21, 2022 to September 29, 2022 (both days inclusive). Transfers received in order at the offices of our Shares Registrar Mis THK Associates (Pvt) Ltd., Plo t No. 32-C, Jami Commercial Street 2, D.H.A., Phase VII, Karachi-75500 by the close of business on September 20, 2022 or updated on Central Depository System as per CDC regulations, will be treated in time to establish the right to attend the 15^th annual general meeting and for the entitlement of 45% Final Cash Dividend i.e. Rs.4.50 per
share.

The Annual Report of the Company will be transmitted electronical ly and through PUCARS at least 21 days before the holding of Annual General Meeting and shall  also be made available on our website www.isl.com.pk