First Paramount Modaraba Announces Details of Right Issue Certificates Worth PKR 68.94 Million

Karachi: First Paramount Modaraba has released the final offer document for its right issue of certificates, valued at PKR 68,942,100, according to the report dated August 7, 2026. The issuance involves 6,894,210 new ordinary certificates, which represent roughly 50% of the existing paid-up capital of the company.

The right certificates, each with a face value of PKR 10, are being offered at the same price, without any premium or discount. The total capital to be raised through this initiative amounts to PKR 68.94 million. This move comes as part of First Paramount Modaraba's strategic efforts to strengthen its financial base and provide a more robust foundation for future growth.

According to information available from the Pakistan Stock Exchange (PSX), these certificates are tradable on the exchange, with the trading period for the letter of rights set from August 19, 2026, to September 2, 2026. This trading phase allows investors to purchase and trade their entitlements in the open market, should they choose to do so.

The subscription amount payment period is scheduled between August 19, 2026, and September 9, 2026. Investors interested in participating in this offering are advised to carefully assess their financial positions and risk tolerance. The offer document, valid until November 9, 2026, provides detailed information about the risks involved and is aimed at informing certificate holders and the public about the right issue.

It is important for potential investors to note that the right entitlement letter, being tradable, involves risks and rewards that will be the sole liability of the investors. The document has been registered with the Securities Exchange, ensuring transparency and regulatory compliance.

The designated market category for this offering is equity securities and equity-related securities, highlighting the investment's inherent risks and potential rewards. The company emphasizes that all investors should read the offer document and risk factors thoroughly before making any investment decisions.