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Credit of unpaid rights

“In connection with Aisha Steel Mills Limited Right Issue announcement, unpaid Rights @ 20% were credited by the CDC in Book Entry Form on 18th May 2017 in the respective accounts of the ordinary / preference CDS shareholders (ASL, ASLPS, ASLCPS) whose names appeared in the Register of Members at the close of the business on Monday, 15th May 2017.

Letters of Right (LoR) to physical shareholders are dispatched on 22nd May 2017.”

Please find attached other pertinent dates

News and Events


01-Oct-12: Commercial Operation Date

 ASML has declared 1-Oct-12 as its Commercial Operation Date after subsequent successfull trial operations.



01-Oct-12: SAP Go-Live Ceremony

 ASML celebrated its Go-Live Sales Order processing on SAP Server on 1-Oct-12. 

06-Aug-12: The GONG Ceremony

ASML’s Gong Ceremony was held today at KSE for its Common Shares (symbol: ASL) as well as Preference Shares (symbol: ASLPS). It was a simple, yet an impressive ceremony which was attended by Mr. Arif Habib, Chairman Arif Habib Group, Mr. Yoshikazu Uda, Director Metal One Corporation Japan, and Mr. Kashif Shah, CEO ASML. Mr. Nadeem Naqvi, MD KSE, Mr. Haroon Askari, DMD KSE and Mr. Muhammad Ghufran, DGM Company Affairs was present. The common shares opened up 10% at the start of trading. 


03-Aug-12: The GONG Ceremony

 The formalities in respect of OFS of Aisha Steel Mills Ltd have been completed and Karachi Stock Exchange has approved the application for formal listing and quotation of Ordinary and Preference shares. The Gong Ceremony on the occasion of formal listing of both securities will be held on Monday, August 6,2012.



27-Jul-12: Share Allotment

We are Pleased to inform that as per the CDC subscription details all applications for the shares will be allotted to the subscriber & While the applicants who subscribed for multiple of 5000 shares will be allotted on prorate basis i.e. 29.92%.

It is expected that our shares will start trading on KSE within first few days of August 2012.



11-Jul-12: Public Offering Oversubscribed by 2.7 times
The public offering of shares of Aisha Steel Mills was oversubscribed by 2.7 times, making it the most successful public offering of the past three financial years. A total of 1,633 applications amounting PKR 270.29 M were received: as many as 738 applications were received for 500 shares, 374 applications for 1,000 shares, 189 applications for 3,000 shares, and 332 applications were received for 5,000 shares.


03-Jul-12: Offer for Sale of ASML Shares – Public Subscription
ASML offered 10 million shares amounting to PKR 100 million to the general public. Subscription was open for general public on the Jul 3 – 4, 2012. ASML had successfully closed the pre-IPO portion of the issue amounting to PKR 234 million on Apr 11, 2012. The transaction is being managed by Arif Habib Limited.


26-Jun-12: Analysts' Briefing

Aisha Steel Mills conducted a site visit for various dignitaries’ and market investors on June 26, 2012, followed by presentation and dinner at the Arabian Sea Country Club for their upcoming Offer for Sale of 10 million Ordinary Shares  scheduled for July 3 & 4, 2012. The briefing was attended by various senior representatives of Banks/DFIs, Brokerage Houses, KSE members and HNW Individuals. Mr. Arif Habib, Group Chairman, Arif Habib Group and Mr. Kashif Shah, CEO, Aisha Steel Mills addressed the briefing. 


15-Jun-12: SAP (Phase I) Go Live
ASML has not only become the first company in the local steel industry to implement SAP, but is also the first company in Pakistan to have SAP completely virtualized on VMWare.


08-May-12: Commencement of Trial Operations of Cold Rolling Mill
ASML successfully commenced trial production of Cold Rolling Mill. This marks a proud achievement for the Project Team, and will soon be followed by commencement of commercial operations.


14-Apr-12: ASML Site Energized
The site was energized in April 2012, enabling ASML to take power from KESC grid; an important milestone enabled the Company to commence trial production


11-Apr-12: Offer for Sale and Pre-IPO Subscription of ASML Shares
As part of public offering of ASML’s shares, ASML issued 23.4 million shares amounting to PKR 234 million to pre-IPO investors, following an overwhelming response from the financial sector in the country.


22-Apr-13: International Earth Day

As part of Aisha Steel Mills Limited’s on going CSR initiatives the Company recently celebrated a major CSR event - The International Earth Day. The management of Aisha Steel Mills Limited wanted to ensure that everyone associated with the Company not only understood the concept of Earth Day but also within their own domains played a role in returning back to the environment. And since our employees have NEVER shied away from achieving any objective therefore it came as no surprise when on Monday 22nd of April 2013 the employees at Aisha Steel Mills Limited rolled up their sleeves and got their hands dirty! A total of 200 Corno-Corpus plants were planted by employees across the board. The initiative was an all-day activity wherein employees were invited to visit the location at the ASML plant where the plant beds had been marked out. Each employee was then asked to dig the bed for the plant; pot it in the marked area and water it; but the activity does not stop at JUST planting the plants. Each employee who took the initiative to bed the plants; has his/her name tagged with the said plant and is encouraged to coordinate with the relevant personnel of the Civil department to ensure that his/her plant is healthy and growing.


13-Jun-13: Aisha Steel Mills Limited Celebrates World Blood Donor Day

 As part of Aisha Steel Mills Limited’s on going CSR initiatives the Company recently World Blood Donor Day a very noble cause which is celebrated worldwide every year on the 14th of June. The world-wide acknowledgement and celebration of the day serves to raise awareness of the need for safe blood and blood products and to thank voluntary unpaid blood donors for their life-saving gifts of blood. This was the first ever blood drive ever conducted at the plant;  and the response by the employees to the drive itself was stupendous which made it a resounding success. A total of 46 units of blood were collected; wherein most of our donators were first time donators; who showed their support towards this noble cause regardless of the fact that it was a full working day or the hot weather conditions.



July-13: Aisha Steel Mills Limited successfully matures its 1st capital market transaction

Aisha Steel Mills Limited successfully matures its 1st capital market transaction, 6 months Rated & Secured Sukuk Issue of PKR 500 M. Earlier this year, Aisha Steel Mills Limited Sukuk received great response from the banking and the non-bank market and was subscribed by various mutual funds and financial institutions. The instrument was issued keeping in view the dearth of Islamic assets in the Banking system. To attract potential interest from the market, the instrument was rated and was adequately secured through charge over the Company’ assets. 

JCR VIS Rating Agency assigned the Sukuk rating of A (Single A) denoting strong creditworthiness of the Company.

Besides domestic coverage, Aisha Steel Mills Limited Sukuk has been covered by Bloomberg.

Another landmark achievement for Aisha Steel Mills Limited was successfully issuing a capital market instrument in the same quarter as its COD.



28_April_17: ASML – Declaration of Right Issue of Shares



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