Lahore: The Crescent Modaraba Management Company Limited, the managing entity of First Elite Capital Modaraba, has announced the scheduling of a Board of Directors meeting. The meeting is set to take place on September 25, 2026, at 2:30 P.M. in Lahore. The primary agenda for this meeting is to review and consider the annual accounts for the fiscal period ending on June 30, 2026, and to discuss any potential declaration of entitlements.

In compliance with regulatory requirements, the company has instituted a "Closed Period" from September 18, 2026, to September 25, 2026. During this time, as per Clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations, no Director, CEO, or Executive of the company is permitted to engage, directly or indirectly, in dealings involving the Modaraba Certificates.

According to information available from the Pakistan Stock Exchange (PSX), the company has taken necessary steps to inform the TRE Certificate Holders about these developments, ensuring transparency and adherence to regulatory guidelines. The board meeting and the subsequent review of the financial accounts are critical for stakeholders, as they may influence future declarations relating to the company's financial distribution policies.