July 14, 2026 (MLN): Agha Steel Industries Limited (PSX: AGHA) has concluded a bilateral debt restructuring agreement with Habib Bank Limited (HBL), marking a pivotal step in the company’s financial recovery.
The deal was executed on July 14, 2026, under the Corporate Debt Restructuring (CDR) framework, as disclosed in a material information notice filed with the Pakistan Stock Exchange (PSX).
Agha Steel has been negotiating with its financial creditors, including HBL, following operational disruptions caused by the 2022 floods and a prolonged economic slowdown that impaired cash generation and debt service capacity.
The restructuring of roughly 30% of the company’s total debt with HBL is a key component of its broader financial rehabilitation plan, aimed at enhancing liquidity and aligning debt obligations with projected cash flows.
The agreement is expected to provide the financial flexibility needed to optimize operations, strengthen liquidity, and support long‑term sustainability.
Management believes the restructuring will stabilize the business and improve its operational outlook.
Agha Steel continues to engage with other lenders to finalize additional debt restructuring arrangements and will keep the market updated on material developments, in compliance with the Securities Act, 2015 and PSX disclosure rules.
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