Mughal Energy approves early settlement of Rs2.5 billion loan from holding company

The Board of Directors of Mughal Energy Limited has approved the early settlement of a Rs2.5 billion long-term loan obtained from its holding company, Mughal Iron & Steel Industries Limited.

The decision was taken at a board meeting held on June 15, 2026, according to a notice submitted to the Pakistan Stock Exchange.

Mughal Energy said the loan would be settled ahead of schedule after the company secured new long-term financing from United Bank Limited.

The UBL financing has a tenure of five years and includes a one-year grace period.

The company disclosed the decision to the exchange in compliance with applicable regulatory requirements.