Karachi: Notice is hereby announced that the third profit payment for the Sukuk Certificates - II issued by Mughal Iron and Steel Industries Limited is scheduled. Originally set for September 28, 2024, the payment has been advanced to September 27, 2024, due to a public holiday. To facilitate this payment, the transfer books will remain closed from September 25 through September 28, 2024, encompassing all days.

According to information available from the Pakistan Stock Exchange (PSX), the Central Depository System (CDS) will honor transactions identified by their IDS in the order received by the share registrar in Karachi, until the end of business on September 24, 2024. This arrangement ensures timely entitlement for the Sukuk holders’ profit payments. Additionally, Sukuk holders must update their International Bank Account Numbers (IBAN) by September 24 to facilitate the direct deposit of profits.

Profit distributions are subject to income tax deductions as per section 151 of the Income Tax Ordinance 2001. Sukuk holders are urged to submit valid income tax exemption certificates to the Share Registrar in Karachi by the closing hours of September 24, 2024, to comply with the statutory requirements.