Mughal Iron & Steel Industries : Notice of Book Closure - 1st Profit Payment to Sukuk Certificate-II Holders
March 13, 2024 at 01:53 am
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MISIL/Sukuk-II/2024
March 13, 2024
The General Manager
Pakistan Stock Exchange Limited,
Stock Exchange Building,
Stock Exchange Road,
Karachi.
By PUCARS & Courier
SUBJECT:
NOTICE OF BOOK CLOSURE SUKUK-II (1ST PROFIT PAYMENT)
Notice is hereby given that 1st Profit Payment in respect of Sukuk Certificates - II issued by Mughal Iron and Steel Industries Limited is due on Thursday, March 28, 2024. Accordingly, in order to determine the profit payment entitlement of Sukuk holders, the transfer books shall remain closed from Friday, March 22, 2024 to Thursday, March 28, 2024 (both days inclusive). Central Depository System (CDS) transaction IDS received in order by the share registrar, M/s. Digital Custodian Company Limited, Perdesi house, 4th Floor, Old Queens Road, Karachi., up to the close of business on Thursday, March 21, 2024 will be treated in time for entitlement of Sukuk holders for profit payment.
Sukuk holders are requested to update their correct international bank account number (''IBAN'') details latest by March 21, 2024.
Profit on investment in Sukuks to a Sukuk holder is subject to deduction of income tax under section 151 of the income tax ordinance 2001. All the Sukuk holders are requested to provide valid income tax exemption certificates to our Share Registrar, M/s. Digital Custodian Company Limited, Perdesi house, 4th Floor, Old Queens Road, Karachi., up to the close of business on Thursday, March 21, 2024.
Thanking you,
For and on behalf of,
MUGHAL IRON & STEEL INDUSTRIES LIMITED
MUHAMMAD FAHAD HAFEEZ
(Company Secretary)
The Executive Director (Enforcement) Securities & Exchange Commission of Pakistan Islamabad.
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Mughal Iron & Steel Industries Limited is a Pakistan-based steel company. The Company is involved in multidimensional activities, including making billets of mild steel, spring steel, deformed bar, re-bar, cold twisted rebar, and a range of sections, such as I.Beams, L.Sections, C.Section, H.Beam, T.Bar, and other in the downstream industry. The Company has two segments. The ferrous segment comprises long-rolled mild steel related products. The non-ferrous segment comprises copper and related waste items. It offers its products under various categories, including Smelting, such as Ferro Silicomanganese, Ferro Chrome and Ferro Silicon; Billet, such as Mild Carbon Billets, Spring Steels, Austentic Stainless Steel, Ferrite Stainless steels, and Alloys Steels; Bars, including Deformed Bars, Re-inforcement Bars, and Thermax Bars; Beams, including I Beams (Girders), Angle Section (L Section), T Bar (T section) and C Channel, and Grade and Specifications.