Karachi: Mughal Iron & Steel Industries Limited has announced the closure of its transfer books for the first profit payment on Sukuk VIII, scheduled for November 5, 2026. This measure is aimed at determining the entitlement of Sukuk holders for the forthcoming profit payout, as stated in a notice issued by the company.

The company has specified that the transfer books will remain closed from October 31, 2026, to November 5, 2026, inclusively. The deadline for receiving Central Depository System (CDS) transaction IDs in order by the share registrar, M/s. Digital Custodian Company Limited, is set for the close of business on October 30, 2026. This ensures that all entitled Sukuk holders are appropriately accounted for in the profit distribution process.

Sukuk holders are advised to update their international bank account number (IBAN) details by October 30, 2026, to facilitate smooth processing of the profit payment. Additionally, the profit from Sukuks is subject to income tax deductions under section 151 of the Income Tax Ordinance 2001. Therefore, Sukuk holders must provide valid income tax exemption certificates to M/s. Digital Custodian Company Limited by the specified deadline to ensure compliance and accurate processing of tax-related obligations.

According to information available from the Pakistan Stock Exchange (PSX), Mughal Iron & Steel Industries operates within the designated market category of the local industrial sector. The company has not disclosed any percentage changes or movements in this notice, focusing solely on the procedural aspects of the Sukuk profit payment.

This announcement serves as a critical notice to all stakeholders involved, ensuring the proper and timely execution of the profit payment entitlements on the designated date.