Karachi: Mughal Iron & Steel Industries Limited has issued a clarification regarding circulating rumors about the dividend entitlement of its Class-C shares. This comes amidst the ongoing speculation within the market, raising concerns among stakeholders about the company's financial decisions.

The company referenced the first page of its Offer Letter to address these concerns, reiterating that "Ordinary Class-C shares shall have right to dividend declared by the Company from time to time in respect of such Ordinary Class-C shares." By doing so, Mughal Iron & Steel Industries aims to dispel any misinformation and reassure its shareholders of their entitlements.

According to information available from the Pakistan Stock Exchange (PSX), the designated market category for Mughal Iron & Steel Industries falls under the miscellaneous sector. This clarification follows recent market activities and seeks to maintain transparency and trust among investors.

The company's move to publicly address the rumors reflects its commitment to clear communication with its shareholders and to uphold confidence in its operational integrity. As of the latest date, July 18, 2025 stakeholders are advised to refer to official company communications for accurate information regarding dividend entitlements.