Mughal Iron & Steel obtains RSOQ for GEPCO divestment

Mughal Iron & Steel Industries Limited has received a Request for Statement of Qualification (RSOQ) from the Privatization Commission, relating to the sale of GEPCO under the privatization programme. According to Mettis Global, the company's board has also approved its joining a consortium alongside Fast Cables Limited, AKD Securities Limited and AJCL (Private) Limited. The disclosure was made in a notice filed with the Exchange on August 24, 2026.

The other consortium members have irrevocably named AKD Securities Limited as lead member, authorising it to act for the company and the group in all business during the privatization process, through its authorised representative. That authority includes the power to sub-delegate.

The company stated that, as of the notice date, it had not taken on any binding commitment in the transaction. That remains subject to pre-qualification by the Privatization Commission, corporate and regulatory approvals and due diligence. It also said the Exchange will be kept updated on material developments.