Karachi: Mughal Iron & Steel Industries Limited has announced a temporary suspension of its final cash dividend payments for the fiscal year ending June 30, 2026, due to missing member information. The decision was disclosed in a report dated October 29, 2026. The company declared a dividend of Rs. 2.00 per share, representing a 20% payout for both Ordinary and Ordinary Class - C shares, on October 28, 2026.

According to the company's announcement, the suspension affects members whose identification numbers and/or complete bank account details, including the 24-digit IBAN, have not been provided to the company. In accordance with the Provisions of Companies (Distribution of Dividend) Regulations, 2017, the company is withholding these payments until the necessary information is submitted.

Mughal Iron & Steel Industries Limited is urging shareholders to provide the required information promptly. The company will resume payment of the withheld dividends electronically once the data is received within the regulatory timeframe. The company advises members to submit valid and correct information along with a legible copy of their valid CNIC.

According to information available from the Pakistan Stock Exchange (PSX), shareholders holding their shares in electronic form with the Central Depository Company (CDC) are instructed to submit their information through their CDC Participant (Broker) or Investor Account Services. Meanwhile, those holding shares in physical form should send their information to the company's Share Registrar, THK Associates (Pvt.) Limited, located at Plot # 32-C, Jami Commercial Street 2, D.H.A., Phase-VII, Karachi.

The financial community and investors are closely watching these developments as Mughal Iron & Steel Industries Limited addresses the compliance requirements to ensure the smooth distribution of dividends.