Lahore: The Board of Directors of Fidelity Capital Management (Private) Limited is set to convene on April 29, 2025, in Lahore to review and approve the third quarterly accounts of First Fidelity Leasing Modaraba for the period ending March 31, 2025. This meeting marks a critical juncture as the company evaluates its financial health for the recent quarter.

The company has also announced a close period for its Modaraba certificates, which is mandated under clause 5.19.15 of the Code of Corporate Governance within the Rule Book of the Exchange. This close period will commence on April 22, 2025, and conclude on April 29, 2025. During this timeframe, no director, CEO, or executive of the Modaraba will be permitted to engage in any transactions involving the Modaraba's certificates, either directly or indirectly.

According to information available from the Pakistan Stock Exchange (PSX), the close period is a standard practice aimed at ensuring transparency and preventing any potential conflicts of interest or insider trading. This mandated pause in trading activities by top executives aligns with regulatory requirements designed to maintain market integrity.

The announcement and subsequent actions are a reminder of the rigorous compliance obligations faced by publicly listed entities in the market category. The adherence to these governance codes underscores the commitment of First Fidelity Leasing Modaraba to uphold corporate governance standards while fostering investor confidence.