Mughal Iron & Steel Industries : 7th Profit and 3rd Principal Payment to Sukuk Certificate-1 Holders
November 16, 2022 at 10:28 am IST
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MISIL/Sukuk/2K22(02)
November 16, 2022
The General Manager
Pakistan Stock Exchange Limited,
Stock Exchange Building,
Stock Exchange Road,
Karachi.
By PUCARS & Courier
SUBJECT: NOTICE OF BOOK CLOSURE SUKUK CERTIFICATE - I (07TH RENTAL & 3RD PRINCIPAL PAYMENT)
We wish to inform you that Register of Mughal Iron & Steel Industries Limited - Sukuk Certificates will remain closed from November 26, 2022 to December 02, 2022 (Both days inclusive) on account of 07th rental and 3rd principal payment which is due on December 02, 2022. Central Depository System (CDS) Transaction IDs received in order by the Share Registrar, M/S THK Associates (Private) Limited, 32-C, Jami Commercial Street 2, D.H.A Phase VII, Karachi, up to the close of business on 25th November, 2022 will be treated in time for entitlement of sukuk holders for rental and principal payment.
Sukuk holders are requested to update their correct International Bank Account Number ("IBAN") details latest by November 25, 2022.
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 THK Associates (Private) Limited, 32-C, Jami Commercial Street 2, D.H.A Phase VII, Karachi, latest by up to the close of business on November 25, 2022.
Yours Sincerely
for 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 Ltd. published this content on 16 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2022 04:57:08 UTC.
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. Ferrous segment comprises of long-rolled mild steel related products. Non-ferrous segment comprises of 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, including ASTM A 615 G-40 and ASTM A 321.