Karachi: Mughal Iron & Steel Industries Limited has announced the closure of books for its unlisted Sukuk-V certificates in preparation for the final maturity, including principal and fifth profit payment. The company has specified that the principal amount along with the fifth profit payment is due on Tuesday, July 21, 2026. To facilitate this process, the transfer books will remain closed from Wednesday, July 15, 2026, to Tuesday, July 21, 2026, inclusive of both dates.

Sukuk certificate holders are advised to ensure that their Central Depository System (CDS) transaction IDs are received in order by the share registrar, M/s. Digital Custodian Company Limited, located at Perdesi House, 4th Floor, Old Queens Road, Karachi, by the end of business on Tuesday, July 14, 2026. This deadline is crucial for determining entitlement to the profit payment.

Moreover, Sukuk holders must update their International Bank Account Number (IBAN) details by Tuesday, July 14, 2026, to facilitate smooth processing of payments. The company’s notice also highlights that profit earned from these Sukuk investments is subject to income tax deductions under section 151 of the Income Tax Ordinance 2001, unless valid income tax exemption certificates are submitted to the share registrar by the stipulated date.

According to information available from the Pakistan Stock Exchange (PSX), the financial transactions and entitlements concerning the Sukuk certificates are being handled with strict adherence to the given timelines and regulatory requirements. The designated market category for these financial instruments remains a pivotal aspect of this announcement.