Dost Steels secures Rs2bn investment under loan restructuring plan

MG News | July 18, 2025 at 04:37 PM GMT+05:00

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July 18, 2025 (MLN): Dost Steels Limited (PSX: DSL) has signed a major restructuring agreement with its consortium of banks that could pave the way for financial recovery and operational revival, according to the company's latest quarterly Progress Report.

Under the agreement, the company’s outstanding loan of Rs2.08 billion, including all future markup, will be repaid in sixteen quarterly instalments.

A down payment of Rs50 million has already been made as part of the settlement.

As part of the restructuring, new investors Mr. Muhabbat Khan and Mr. Zahir Khan have stepped in with personal guarantees and are committing to inject Rs2.08bn into the company.

This investment is earmarked for repayments to the consortium banks.

The company expressed optimism that operations will recommence shortly, which is a potential turnaround after a prolonged financial strain.

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