⚡ Flash Summary

Mughal Iron & Steel Industries Limited has announced a book closure for its Sukuk VI certificates. The purpose of this closure is to determine the entitlement of Sukuk holders for bullet principal and profit payments. The transfer books will be closed from November 27, 2025, to December 03, 2025. Sukuk holders are requested to update their international bank account details by November 26, 2025, and provide valid income tax exemption certificates to the share registrar.

📌 Key Takeaways

• 📅 Book closure dates: November 27, 2025 – December 03, 2025.
• 💰 Purpose: Determine bullet principal & profit payment for Sukuk-VI holders.
• 🏦 Sukuk holders must update IBAN details by November 26, 2025.
• 🧾 Provide valid income tax exemption certificates to the share registrar.
• 🏢 Share registrar: M/s. Digital Custodian Company Limited.
• 📍 Share registrar address: Perdesi house, 4th Floor, Old Queens Road, Karachi.
• 🧾 CDS transaction IDS received by November 26, 2025, will be treated for entitlement.
• ⚠️ Profit on Sukuk investments is subject to income tax deduction under section 151.
• 📜 Sukuk Certificates are Unlisted Sukuk-VI
• 🗓️ Payment due date is December 03, 2025

🎯 Investment Thesis

Given the nature of the announcement, which focuses on Sukuk payment processes, a HOLD recommendation is appropriate. The company is fulfilling its financial obligations, but further analysis of the company’s financials is necessary to make a more informed investment decision. The time horizon depends on overall company performance and Sukuk terms.