al-sultān al-a‘zam ‘alā’ al-dunyā wa’l din
khajli abu’l muzaffar mahmud shāh khallada allāh
khilāfatahu (Translation: the supreme Sultan the glory of the world and the faith, protector, father of victory, Mahmud Shah, may Allah perpetuate his kingdom)
Reverse description
Reverse script
Reverse lettering
sikandar al-thāni yamīn al-khilāfa
nāṣir amīr al-mū’minīn
zarb hada al-sikka bi hazrat Shadiabad (Translation: the second Alexander the right hand of the Caliph, the helper of the commander of the faithful I struck this coin in hazrat Shadiabad)