⚡ Flash Summary

Mughal Iron & Steel Industries Limited announced a book closure for its Sukuk Certificates-I to determine entitlement for the 19th rental and 15th principal payment. The transfer books will be closed from November 26, 2025, to December 2, 2025 (inclusive). Central Depository System (CDS) transaction IDs received by the Share Registrar, M/S THK Associates (Private) Limited, until the close of business on November 25, 2025, will be processed for the rental and principal payment. Sukuk holders are requested to update their International Bank Account Number (IBAN) details by November 25, 2025.

📌 Key Takeaways

• 📢 Mughal Iron & Steel Industries Limited announces book closure for Sukuk Certificates-I.
• 🗓️ Book closure period: November 26, 2025, to December 2, 2025 (inclusive).
• 💰 Purpose: To determine entitlement for the 19th rental and 15th principal payment.
• 🏦 CDS transaction IDs received by M/S THK Associates by November 25, 2025, will be considered.
• ℹ️ Sukuk holders must update their IBAN details by November 25, 2025.
• 📅 Payment due on Tuesday, December 02, 2025.
• 🏢 Share Registrar: M/S THK Associates (Private) Limited, Karachi.
• Tax implications: Profit on sukuk investments is subject to income tax under Section 151.
• 🧾 Sukuk holders need to provide valid Income Tax Exemption Certificates.
• ✉️ Contact the Share Registrar for certificates by November 25, 2025.

🎯 Investment Thesis

Given that the announcement is about an upcoming Sukuk certificate payment, a HOLD recommendation is appropriate. The company appears to be meeting its debt obligations, but there is no new information to significantly change the investment thesis. Continue to monitor for further developments.