Karachi: Mughal Iron & Steel Industries Limited has announced the book closure for its unlisted Sukuk-VI, as the company prepares for the bullet principal and profit payment due on December 3, 2025. The transfer books will remain closed from November 27, 2025, to December 3, 2025, inclusive, in order to determine entitlement for these payments.
The Central Depository System (CDS) transaction IDs received by the share registrar, M/s. Digital Custodian Company Limited, located at Perdesi House, 4th Floor, Old Queens Road, Karachi, by the close of business on November 26, 2025, will be processed to ensure Sukuk holders are entitled to the principal and profit payment.
According to information available from the Pakistan Stock Exchange (PSX), Sukuk holders must ensure their international bank account numbers (IBAN) are updated by November 26, 2025. Additionally, profits on these Sukuk investments are subject to income tax deductions under section 151 of the income tax ordinance 2001. Sukuk holders who seek exemption from this deduction must submit valid income tax exemption certificates to the share registrar by the same deadline.
This measure ensures the company meets regulatory requirements and Sukuk holders receive their due payments efficiently. The designated market category for these transactions is the financial sector.