Karachi: Mughal Iron & Steel Industries Limited has announced the book closure period for its Sukuk Certificates - I, in preparation for the upcoming 20th rental and 16th principal payment. The company has scheduled this payment for Monday, March 2, 2026. To determine the entitlement of sukuk holders, the transfer books will be closed from February 23, 2026, to March 2, 2026, inclusive.

Central Depository System (CDS) Transaction IDs received by the Share Registrar, M/S THK Associates (Private) Limited, located at 32-C, Jami Commercial Street 2, D.H.A Phase VII, Karachi, by the close of business on February 20, 2026, will be processed in time for the rental and principal payment to sukuk holders.

According to information available from the Pakistan Stock Exchange (PSX), sukuk holders are advised to update their International Bank Account Number (IBAN) details no later than February 20, 2026, to ensure timely processing of payments. Additionally, profit from sukuk investments will face income tax deductions under Section 151 of the Income Tax Ordinance, 2001, unless valid Income Tax Exemption Certificates are submitted to M/S THK Associates (Private) Limited by the stated deadline.

This announcement underscores the importance of timely compliance with the procedural requirements to facilitate the upcoming financial transactions related to the sukuk payments.