Karachi: THK Associates (Private) Limited has announced that the Transfer Books of First Paramount Modaraba will be closed on Monday, 17 August 2026, to determine the entitlement for Right Certificates. The announcement comes as part of the company's Right Issue initiative.

According to the report dated August 7, 2026, the Right Issue will allot one Right Certificate for every two existing Ordinary Certificates held, representing 50% of the existing paid-up capital of the Modaraba, at a subscription price of Rs. 10 per Right Certificate. Transfers that are received in good order at the Share Registrar's office, located at 32-C, Jami Commercial Street 2, DHA Phase VII, Karachi, by the close of business on Thursday, 13 August 2026, will qualify for the entitlement to the Right Certificates.

In compliance with Regulation 5.6.9.(b) of PSX Regulations, the notice of book closure, available in both English and Urdu, is set for publication in newspapers. According to information available from the Pakistan Stock Exchange (PSX), this procedural step is crucial for informing TRE Certificate Holders of the Exchange.

The announcement is pertinent to certificate holders as it outlines the necessary steps and deadlines to participate in the Right Issue. This financial move is aimed at raising capital and expanding the company's financial base. The market category designated for this development remains consistent with the procedural norms established by the Pakistan Stock Exchange.