Karachi: The Board of Directors of Paramount Investments Limited, the management company of First Paramount Modaraba, has announced a change in the schedule for its upcoming meeting. Initially planned for Wednesday, October 28, 2026, the meeting will now take place on Saturday, October 31, 2026, at 12:00 pm in Karachi. The purpose of this meeting is to consider and approve the audited financial statements of First Paramount Modaraba for the fiscal year ending June 30, 2026, along with any additional business that may arise, pending the Chair's approval.

In accordance with Clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations, the Modaraba has declared a "Closed Period" from October 29, 2026, to October 31, 2026. During this timeframe, no directors, the CEO, or executives are permitted to engage in any transactions involving the certificates or shares of the Modaraba, whether directly or indirectly.

According to information available from the Pakistan Stock Exchange (PSX), such closed periods are standard practice intended to prevent insider trading and ensure fairness in the market. The designation of this closed period underscores the importance of compliance with regulatory frameworks governing financial disclosures and corporate governance.