Karachi: The board meeting of Paramount Investments Limited, the management company for First Paramount Modaraba, originally slated for October 13, 2026, has been rescheduled to October 21, 2026. The meeting, which will take place in Karachi at 3:00 p.m., will focus on the approval of audited financial statements for the fiscal year ending June 30, 2026, alongside other potential matters pending the Chair's consent.

The rescheduling of the meeting necessitates the implementation of a "Closed Period" from October 14 to October 21, 2026, in line with Clause 5.6.4 of the Pakistan Stock Exchange (PSX) regulations. During this timeframe, all directors, the CEO, and executives are prohibited from engaging in any direct or indirect transactions involving the Modaraba's certificates or shares.

This procedural update comes as a standard practice to ensure compliance with trading regulations and maintain market integrity. According to information available from the Pakistan Stock Exchange (PSX), the announcement of a closed period is a routine measure undertaken to prevent any potential conflict of interest or insider trading activities during sensitive times surrounding financial disclosures. The designated market category for the Modaraba remains unchanged during this period.