Karachi, First Tri-Star Modaraba informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 29, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a loss of Rs. 3,966,667 with loss per share 0.187 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
First Tri-Star Modaraba was formed under the Modaraba Companies and Moradabad (Floatation and Control) Ordinance, 1980 and the Rules framed there under and is managed by A.R.T. Modaraba Management Private Limited. The Modaraba is a perpetual, multipurpose and multi-dimensional Modaraba and is primarily engaged in leasing of Plant and Machinery, Motor Vehicles (both commercial and private), Computer etc., providing finance on Morabaha and Musharika arrangement, purchases and sales of marketable securities and trading of various items. The Modaraba is quoted on the Karachi Stock Exchange of Pakistan. The registered office of the Modaraba is situated at Karachi.
The symbol “FTSM” is being used by the stock exchange for the shares of First Tri-Star Modaraba.