Board meeting of Aisha Steel Mills Limited to be held on August 31, 2016

Karachi, Aisha Steel Mills Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on August 31, 2016 at Karachi. The agenda of the meeting shall be consideration of annual accounts for the period ended June 30, 2016.

Further, the closed period of the company shall be from August 25, 2016 to August 31, 2016 (both days inclusive).

Aisha Steel Mills Limited is a company incorporated in Pakistan on May 30, 2005. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the business are supplying cold rolled steel coils to local and international customers. The company has entered into a strategic tie-up with Mitsubishi Corporation and ensures seamless marketing, sales, and distribution of its products. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi.

The company is a joint venture between blue chip Pakistani and Japanese business groups which are Arif Habib Group, Pakistan Metal One Corporation, Japan, and Universal Metal Corporation, Japan. The capacity of the plant is 220,000 metric tons per year.

The symbol “ASL” is being used by the stock exchanges for the shares of Aisha Steel Mills Limited.

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