Amreli Steels Limited — Proxy Solicitation & Information Statement 2026

May 20, 2026

Pakistan Standards
R
S.R.A.S. SINGAPORE

20 May 2026
ASL/PSX/0336/2026

The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi

Subject: Prior Intimation of Publication of Notice of Extraordinary General Meeting

Dear Sir,

Enclosed please find a copy of the Notice of Extraordinary General Meeting of the Company to be held on Wednesday, 17 June 2026 for circulation amongst the TRE Certificate Holders of the Pakistan Stock Exchange Limited. The Notice will be published in English and Urdu newspapers tomorrow i.e. Thursday, 21 May 2026.

Thanking you.

Yours Sincerely,

Adnan Abdul Ghaffar
Company Secretary

Encl: As above.

cc:
The Director/HOD
Surveillance, Supervision & Enforcement Department
Securities and Exchange Commission of Pakistan
NIC Building, 63 Jinnah Avenue, Blue Area, Islamabad.

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AMRELI STEELS LIMITED
Registered Office
A/18, S.I.T.E., Karachi-75730.
111-AMRELI (267-354)
+92-21-38798328
info@amrelisteels.com
www.amrelisteels.com
AMRELI STEELS

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NOTICE OF THE EXTRAORDINARY GENERAL MEETING

AMRELI STEELS

Notice is hereby given that the Extraordinary General Meeting (EOGM) of the shareholders of Amreli Steels Limited (the Company) will be held on Wednesday, 17 June 2016 at 04:00 p.m. at Auditorium Hall of the Institute of Chartered Accountants of Pakistan (ICAP) located at Block - 6 Chartered Accountants Avenue, Clifton, Karachi to transact the following businesses. The shareholders can also attend the EOGM via video link facility.

Special Business:

1. To consider and if deemed fit, pass the following resolutions as special resolutions (with or without modification) to increase authorized share capital of the Company to accordance with the Companies Act, 2017 as recommended by the Board of Directors:

RESOLVED THAT the approval of the shareholders of Amreli Steels Limited ("the Company") be and is hereby accorded to increase authorized share capital of the Company from Rs.5,000,000,000 (Rupees Five Billion Dojs) divided into 420,000,000 ordinary shares of Rs.10/- each and 80,000,000 cumulative preference shares of Rs.10/- each to Rs. 8,000,000,000 (Rupees Eight Billion Dojs) divided into 720,000,000 (Seven Hundred and Twenty Million) ordinary shares of Rs.10/- each and 80,000,000 (Eighty Million) cumulative preference shares of Rs.10/- each.

FURTHER RESOLVED THAT to consequence of the aforesaid increase in the authorized share capital of the Company, the existing Cause V of the Memorandum of Association and Clause 3 of the Articles of Association of the Company be and are hereby amended accordingly to read as follows:

Clause V of Memorandum of Association:

V. The authorized capital of the Company is Rs. 8,000,000,000 (Rupees Eight Billion Dojs) divided into 800,000,000 shares comprises of 720,000,000 ordinary shares of Rs.10/- each and 80,000,000 cumulative preference shares of Rs.10/- each. The ordinary shares and cumulative preference shares shall each have the respective rights, benefits, privileges and conditions as are provided in the Articles of Association of the Company. The Company shall have power to increase, reduce, sub-divide or reorganize the capital of the Company and divide the ordinary share capital of the Company (both ordinary and preference) into several classes in accordance with the provisions of the law applicable for the time being.

Clause 3 of Articles of Association:

B. CAPITAL

1. Capital: The authorized capital of the Company is Rs.8,000,000,000 (Rupees Eight Billion Dojs) divided into 800,000,000 shares comprises of 720,000,000 ordinary shares of Rs.10/- each and 80,000,000 cumulative preference shares of Rs.10/- each. The ordinary shares and cumulative preference shares shall have the respective rights and benefits given by its three Articles. The Company shall have power to increase, reduce or reorganize the capital of the Company and divide the ordinary share capital of the Company into several classes in accordance with the provisions of the law applicable for the time being.

FURTHER RESOLVED THAT the ordinary shares when issued shall carry equal voting rights and rank part pams with the existing ordinary shares of the Company in all respects/ matters in conformity with the provisions of the Companies Act, 2017.

FURTHER RESOLVED THAT the Chief Executive Officer and/or Chief Financial Officer and/or Company Secretary be and are hereby singly authorized to do all acts, deeds and things and take all steps and necessary actions ancillary and incidental including filing of requisite documents and returns as may be required with the Registrar of Companies, Securities and Exchange Commission of Pakistan and complying with all other regulatory requirements to effectuate and implement the aforesaid resolutions.

1. To transact any other business as may be placed before the meeting with the permission of the Chair.

Statements under Section 134(3) of the Companies Act, 2017 concerning special business are assessed to the notice of meeting circulated to the members of the Company.

By Order of the Board

Adnan Abdul Khaffar
Company Secretary

21 May 2026
Karachi

Notes:

1. Participation in the EOGM Proceeding via Video Link Facility:

The Company also facilitates participation of its shareholders through a video link facility in pursuance to Circulars entitled by the SECF. The members/prisons interested to participate in the EOGM through this facility are requested to share below information at inventor-relations@amrelisteels.com with subject "Registration for EOGM of Amreli Steels Limited".

Shareholder Name	Folio / CDC Number	CIVC Number	Cell Number	Registered Email Address

Video-link and logic credentials will be shared with the members/prisons whose email containing all the above particulars are received at the given email address by the close of business on or before 13 June 2026.

1. Closure of Share Transfer Books:

The Share Transfer Books of the Company will remain closed from 10 June 2026 to 17 June 2026 (both days included). Transfers received in order by our Share Registrar, N/o TWE Associates (Pvt.) Limited, Post No. 32-C, Janii Commercial Street-2, SIA A., Phase-VII, Karachi 73300, Pakistan by the close of business on 04 June 2026 will be considered in time for attending the meeting.

3. Appointment of Prisons:

i. A member entitled to attend, speak and vote at the Extraordinary General Meeting is entitled to appoint another member as his/her proxy to attend, speak and vote on his/her behalf.

ii. The instrument appointing proxy and the power of attorney or other authority, under which it is signed, or a notarized certified copy of the power or authority must be deposited at the registered office of the Company at least 48 hours before the time of the meeting. Form of Proxy is enclosed.

iii. The proxy form shall be witnessed by two persons whose names, addresses and CIVC numbers shall be mentioned on the form.

iv. In case of individual, the account holder or sub-account holder shall furnish the attested copies of CIVC or the passport of the member and the proxy along with the proxy form.

v. Corporate entities shall submit the Board of Directors' resolution/Power of Attorney, with specimen signature, along with the proxy form.

4. Attending the Extraordinary General Meeting

1. In case of individual, whether physical shareholder or the account holder or sub-account holder at Central Depository Company (CDC), shall authenticate his/her identity by showing his/her original CIVC or original passport at the time of attending the meeting.

ii. The proxy shall also produce his/her original CIVC or original passport at the time of meeting.

iii. Members registered on CDC are also requested to bring their account details with the CDC.

iv. In case of a corporate entity the Board of Directors' resolution/Power of Attorney, with specimen signature of the nominee, shall be produced at the time of the meeting (claims it has been provided earlier).

5. Change in Members Addresses:

Members are requested to notify any change in their addresses immediately to the Share Registrar N/o TWE Associates (Pvt.) Limited.

6. Procedure For Existing & Postal Ballot:

The members are hereby notified that the SECF, vide Companies (Postal Ballot) Regulations, 2018 requires all the listed companies to provide the right to vote through electronic voting facility and voting by post to the members on all businesses classified as special business.

Accordingly, the members of the Company will be allowed to exercise their right to vote through e-voting facility or voting by post in this General Meeting. In accordance with the conditions mentioned in the aforesaid regulations, the Company shall provide its members with the following options for voting:

a. Procedure for E-voting:

i. Details of the e-voting facility will be shared through an e-mail with those members of the Company who have their valid CIVC numbers, cell numbers, and e-mail addresses available in the register of members of the Company by the close of business of 09 June, 2026.

ii. The web address, login details, will be communicated to members via email. The security codes will be communicated to members through DPD from web portal of TWE Associates (Private) Limited (being the e-voting service provider).

iii. Identity of the members intending to cast vote through e-voting shall be authenticated through electronic signature or authentication for login.

iv. E-Voting State will start from 11 June 2026, 09:00 a.m. and shall show on 16 June 2026 at 5:00 p.m. Members can cast their votes any time during this period. Once the vote on a resolution is cast by a Member, be / she shall not be allowed to change it subsequently.

b. Procedure for Voting Through Postal Ballot:

i. For members who wish to opt for voting through post, Ballot Paper is published and the same is also available on the Company's website www.amrelisteels.com.

ii. The members shall ensure that duly filled and signed ballot paper, along with copy of CIVC/SECIP or Passport (in case of foreign national), should reach the Chairman of the meeting through post on the Company's registered address A-18, S.I.T.E., Karachi or email at inventor-relations@amrelisteels.com one day before the General Meeting, during working hours.

7. Consent for Video Conference Facility:

In compliance with Section 134(1) (b) of the Companies Act, 2017, members of the Company may attend and participate in the EOGM through video conference facility if member(s) residing in a city other than Karachi, collectively holding 10% or more shareholding, demand in writing, to participate in the EOGM through video conference at least ten (10) days prior to the date of the EOGM.

To send such facility please submit the following form with the requisite information at the Registered Office of the Company -

[/file of being member(s) of Amreli Steels Limited, holder of ordinary shares(s) as per Registered Folio/CBC Account No. __ hereby opt for video conference facility at ____ to attend the EOGM to be held on 17 June 2026 or any adjournment thereof.

Name and Signature(s) ____
Date ____

The Company will intimate members regarding venue of video conference facility at least five (55) days before the date of the EOGM along with complete information necessary to enable them to access such facility.

8. Prohibition on Great of Gifts to Shareholders

In compliance with section 185 of the Companies Act, 2017 and SRD 452(f)/2025 dated March 17 2025, issued by SECF, it is hereby notified that no gifts in any form or manner, shall be distributed to shareholders at the General Meeting.

9. Code of Conduct for Shareholders in General Meeting:

Section 215 of the Companies Act, 2017 ("the Act") and Regulations 55 of the Companies Regulations, 2024, "Conduct of Shareholders at Meetings" state as follows:

i. shall not bring such material that may cause threat to participants or premises where meeting is being held;

ii. shall confine themselves to the agenda items covered in the notice of meeting;

iii. shall keep comments and discussions restricted to the affairs of the company; and

iv. shall not conduct in a manner to disclose any political affiliation or effect religious susceptibility of other members.

Statement under Section 134(3) of the Companies Act, 2017

This statement sets out the material facts concerning the Special Business to be transacted at the Extraordinary General Meeting of the Company to be held on 17 June 2026.

Agenda No. 1:

Increase in Authorized Share Capital of the Company and consequent amendments in the Memorandum and Articles of Association of the Company:

The existing authorized share capital of the Company is FEB.5.000,000,000/- (Rupees Five Billion only) divided into 420,000,000 ordinary shares of Rs.10/- each and 80,000,000 cumulative preference shares of Rs.10/- each.

In order to provide the Company with adequate leverage to consider future increase in share capital, it is proposed to increase the Share Capital of the Company from existing share capital of Rs.5,000,000,000 (Rupees Five Billion only) divided into 420,000,000 ordinary shares of Rs.10/- each and 80,000,000 cumulative preference shares of Rs.10/- each to Rs. 8,000,000,000 (Rupees Eight Billion only) divided into 800,000,000 shares of Rs.10/- each by creation of 300,000,000 additional ordinary shares of Rs.10 each which shall rank part pams in every respect with the existing ordinary shares of the Company.

The proposed increase in the authorized share capital of the Company will also necessitate amendments in Clause V of Memorandum of Association of the Company and Article 3 of the Articles of Association of the Company. The Board of Directors has also recommended required alterations to the Memorandum and Articles of Association of the Company to reflect the increase in authorized share capital of the Company. The comparison of existing clause / article with the proposed is as under:

Comparative Statement:

Description	Existing Clause	Proposed Amended Clause
Clause V of Memorandum of Association	The authorized capital of the Company is Rs. 5,000,000,000/ (Rupees Five Billion Dojs) divided into 500,000,000 shares (Rupees of 420,000,000 ordinary shares of Rs.10/- each and 80,000,000 Cumulative Preference Shares of Rs.10/- each. The Ordinary Shares and Cumulative Preference Shares shall each have the respective rights, benefits, privileges and conditions as are provided in the Articles of Association of the Company. The Company shall have power to increase, reduce, sub-divide or reorganize the capital of the Company and divide the Ordinary Share Capital of the Company (both Ordinary and Preference) into several classes in accordance with the provisions of the law applicable for the time being.	The authorized capital of the Company is Rs.8,000,000,000 (Rupees Eight Billion Dojs) divided into 800,000,000 shares comprises of 720,000,000 ordinary shares of Rs.10/- each and 80,000,000 cumulative preference shares of Rs.10/- each. The ordinary shares and cumulative preference shares shall each have the respective rights, benefits, privileges and conditions as are provided in the Articles of Association of the Company. The Company shall have power to increase, reduce or reorganize the capital of the Company and divide the Ordinary Share Capital of the Company into several classes in accordance with the provisions of the law applicable for the time being.
Article 3 of Articles of Association	The authorized capital of the Company is Rs. 5,000,000,000/ (Rupees Five Billion Dojs) divided into 500,000,000 shares comprises of 420,000,000 ordinary shares of Rs.10/- each and 80,000,000 Cumulative Preference Shares of Rs.10/- each. The Ordinary Shares and Cumulative Preference Shares shall have the respective rights and benefits given by in those Articles. The Company shall have power to increase, reduce or reorganize the capital of the Company and divide the Ordinary Share Capital of the Company into several classes in accordance with the provisions of the law applicable for the time being.	The authorized capital of the Company is Rs.8,000,000,000 (Rupees Eight Billion Dojs) divided into 800,000,000 shares comprises of 720,000,000 ordinary shares of Rs.10/- each and 80,000,000 cumulative preference shares of Rs.10/- each. The ordinary shares and cumulative preference shares shall have the respective rights and benefits given by in those Articles. The Company shall have power to increase, reduce or reorganize the capital of the Company and divide the Ordinary Share Capital of the Company into several classes in accordance with the provisions of the law applicable for the time being.

Interest of directors:

The Directors of the Company and their relatives have no interest directly or indirectly in the proposed increase in authorized share capital and amendments in the Memorandum and Articles of Association of the Company except in their capacities as Directors or members of the Company.

Availability of Relevant Documents:

A copy of the existing and amended Memorandum and Articles of Association identifying the changes proposed therein bearing the initial of the Company Secretary for identification purposes is available for inspection at the registered office of the Company from 9:00 a.m. to 5:00 p.m. on any working day up to the last working day before the date of the EOGM. The same shall also be available for inspection by the members in the EOGM.

For any query/problem, Information, members may contact our Share Registrar at the following address:

TWE Associates (Pvt) Ltd.
Plot No. 32-C, Janii Commercial Street-2,
SIA A, Phase-VII, Karachi 73300, Pakistan
0AN No. (021) 311-800-322
Direct No. (021) 3 5010187
Email: sh@tle.com.pk

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AMRELL STEELS

کارن ہارٹ کی مہمیں بھی جاتی ہے

111-095-522
(021) 3 5318187
رندہ: سکرک
054P16.com.pl
مل. کی. 064P16.com.pl

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1. نیو یارک میں ایک مہم ہے، اگرچہ نیو یارک کے لیے مہموں کی پوری طرح کی ایک مہم ہے، لیکن اس کے لیے مہموں کو ایک نئی مہم ہے، اور اس کے لیے مہموں کو ایک نئی مہم ہے، اور اس کے لیے مہموں کو ایک نئی مہم ہے، اور اس کے لیے مہموں کو ایک نئی مہم ہے، اور اس کے لیے مہموں کو ایک نئی مہم ہے، اور اس کے لیے مہموں کو ایک نئی مہم ہے، اور اس کے لیے مہموں کو ایک نئی مہم ہے، اور اس کے لیے مہموں کو ایک نئی مہم ہے، اور

2. مہموں کی پوری طرح کی ایک مہم ہے، اور اس کے لیے مہموں کی پوری طرح کی ایک مہم ہے، اور اس کے لیے مہموں کی پوری طرح کی ایک مہم ہے، اور اس کے لیے مہموں کی پوری طرح کی ایک مہم ہے، اور اس کے لیے مہموں کی پوری طرح کی ایک مہم ہے، اور

3. مہموں کی پوری طرح کی ایک مہم ہے، اور اس کے لیے مہموں کی پوری طرح کی ایک مہم ہے، اور اس کے لیے مہموں کی پوری طرح کی ایک مہم ہے، اور

4. مہموں کی پوری طرح کی ایک مہم ہے، اور اس کے لیے مہموں کی پوری طرح کی ایک مہم ہے، اور

5. مہموں کی پوری طرح کی ایک مہم ہے، اور اس کے لیے مہموں کی پوری طرح کی ایک مہم ہے، اور

6. مہموں کی پوری طرح کی ایک مہم ہے، اور

7. مہموں کی پوری طرح کی ایک مہم ہے، اور

8. مہموں کی پوری طرح کی ایک مہم ہے، اور

9. مہموں کی پوری طرح کی ایک مہم ہے، اور

10. مہموں کی پوری طرح کی ایک مہم ہے، اور

11. مہموں کی پوری طرح کی ایک مہم ہے، اور

12. مہموں کی پوری طرح کی ایک مہم ہے، اور

13. مہموں کی پوری طرح کی ایک مہم ہے، اور

14. مہموں کی پوری طرح کی ایک مہم ہے، اور

15. مہموں کی پوری طرح کی ایک مہم ہے، اور

16. مہموں کی پوری طرح کی ایک مہم ہے، اور

17. مہموں کی پوری طرح کی ایک مہم ہے، اور

18. مہموں کی پوری طرح کی ایک مہم ہے، اور

19. مہموں کی پوری طرح کی ایک مہم ہے، اور

20. مہموں کی پوری طرح کی ایک مہم ہے، اور

21. مہموں کی پوری طرح کی ایک مہم ہے، اور

22. مہموں کی پوری طرح کی ایک مہم ہے، اور

23. مہموں کی پوری طرح کی ایک مہم ہے، اور

24. مہموں کی پوری طرح کی ایک مہم ہے، اور

25. مہموں کی پوری طرح کی ایک مہم ہے، اور

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27. مہموں کی پوری طرح کی ایک مہم ہے، اور

28. مہموں کی پوری طرح کی ایک مہم ہے، اور

29. مہموں کی پوری طرح کی

30. مہموں کی پوری طرح کی

31. مہموں کی پوری طرح کی

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33. مہموں کی پوری طرح کی

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38. مہموں کی پوری طرح

29.

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AMRELI STEELS

AMRELI STEELS LIMITED

Registered Address: A-18, S.I.T.E., Karachi

Email: investor-relations@amrelisteels.com

Website: https://amrelisteels.com/

POSTAL BALLOT PAPER

Ballot paper for voting through post or poll at the Extraordinary General Meeting to be held on Wednesday, 17 June 2026 at 04:00 pm at Auditorium Hall of the Institute of Chartered Accountants of Pakistan (ICAP) located at Block - 8, Chartered Accountants Avenue, Clifton, Karachi

Contact details of the Chairman, where duly filled and signed ballot paper may be sent:

Registered address of the Company: A-18, S.I.T.E., Karachi

Email: investor-relations@amrelisteels.com;

Name of shareholder/joint shareholders
Registered Address
Number of shares held and folio number
CNIC/NICOP Number or Passport Number (in case of Foreign national) (copy to be attached)
Additional Information and enclosures (In case of representative of body corporate, corporation and Federal Government.)

I/we hereby exercise my/our vote in respect of the following resolutions through postal ballot by conveying my/our assent or dissent to the following resolution by placing tick (x) mark in the appropriate box below: (In case if both the boxes are marked as “+”, the vote shall be treated as “Rejected”).

S.No.	Nature and Description of resolutions	I/We assent to the Resolutions (FOR)	I/We dissent to the Resolutions (AGAINST)
1.	Special Resolution (Agenda No. 1)
RENOKVED THAT the approval of the shareholders of Amreli Steels Limited (“the Company”) be and is hereby accorded to increase authorized share capital of the Company from Rs.5,000,000,000 (Rupees Five Billion Only) divided into 420,000,000 ordinary shares of Rs.10/- each and 80,000,000 cumulative preference shares of Rs.10/- each to Rs. 8,000,000,000 (Rupees Eight Billion Only) divided into 720,000,000 (Seven Hundred and Twenty Million) ordinary shares of Rs.10/- each and 80,000,000 (Eighty Million) cumulative preference shares of Rs.10/- each.
FURTHER RESOLVED THAT in consequence of the aforesaid increase in the authorized share capital of the Company, the existing Cause V of the Memorandum of Association and Clause 3 of the Articles of Association of the Company be and are hereby amended accordingly, to read as follows:
Clause V of Memorandum of Association:
V. The authorized capital of the Company is Rs. 8,000,000,000 (Rupees Eight Billion Only) divided into 800,000,000 shares comprises of 720,000,000 ordinary shares of Rs.10/- each and 80,000,000 cumulative preference shares of Rs.10/- each. The ordinary shares and cumulative preference shares shall each have the respective rights, benefits, privileges and conditions as are provided in the Articles of Association of the Company. The Company shall have power to increase, reduce, sub-divide or reorganize the capital of the Company and divide the ordinary share capital of the Company (both ordinary and preference) into several classes in accordance with the provisions of the law applicable for the time being.
FURTHER RENOKVED THAT the ordinary shares when issued shall carry equal voting rights and rank part passu with the existing ordinary shares of the Company in all respects/masters in conformity with the provisions of the Companies Act, 2017.
FURTHER RENOKVED THAT the Chief Executive Officer and/or Chief Financial Officer and/or Company Secretary be and are hereby singly authorized to do all acts, deeds and things and take all steps and necessary actions ancillary and incidental including filing of requisite documents and returns as may be required with the Registrar of Companies, Securities and Exchange Commission of Pakistan and complying with all other regulatory requirements to effectuate and implement the aforesaid resolutions.

Signature of shareholder(s) /Prospholder/

Authorized Representative (in case of corporate entity)

Place:

Date:

NOTE:

1. Daily filled postal ballot should be sent to the Chairman, at the above-mentioned postal address or email address (with attention to the Company Secretary).
2. Copy of CNIC/NICOP or Passport (in case of foreign national) should be enclosed with the postal ballot form.
3. Postal ballot forms should reach the Chairman of the meeting on or before 16 June 2026 during working hours. Any postal ballot received after this date, will not be considered for voting.
4. Signature on postal ballot should match with signature on CNIC/NICOP.
5. Incomplete, unsigned, incorrect, deduced, torn, mutilated, over written ballot paper will be rejected.
6. In case of representative of body corporate and corporation, postal ballot must be accompanied by copy of CNIC of authorized person, along with a duly attested copy of Board Resolution, Power of Attorney or Authorisation letter in accordance with section §138 and 139 of the Companies Act, 2017, as applicable, unless these have been submitted along with the Proxy Form. In case of foreign body corporate etc. all documents must be attested from the Counsel General of Pakistan having jurisdiction over the member.
7. Ballot Paper has also been placed on the website of the Company https://amrelisteels.com/. Members may download the ballot paper from the website or use original/photocopy published in the newspaper.

درام زا

Amreli Steels Limited

مقرر: 13000000000000000000000000000000000000000000000000000000000000000000000000

بسم الله الرحمن الرحيم

	تضمين و تقييد مشترج مية (EOGM) و دره 10000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
	تضمين و تقييد مشترج مية (EOGM) و دره 1000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000