Karachi: First Paramount Modaraba successfully concluded its rights issue, securing full subscription money amounting to Rs. 68,942,100 against 6,894,210 right certificates, as confirmed in a report dated October 9, 2026. The allocation and crediting process for these certificates has been completed, with all rights certificates duly allotted and credited to the Central Depository System (CDS) accounts. Physical rights certificates are also ready for collection by the respective certificate holders at the Modaraba's share registrar, THK Associates (Private) Limited.

In a confirmation letter dated October 7, 2026, and received on October 8, 2026, the Central Depository Company of Pakistan Limited (CDC) verified the allotment of 5,344,888 securities in the name of CDC. These securities were credited to the respective accounts in the CDS by the end of October 8, 2026. According to information available from the Pakistan Stock Exchange (PSX), the paid-up capital of First Paramount Modaraba now stands at 20,682,630 securities, valued at Rs. 206,826,300, with each share having a face value of Rs. 10.

The process was verified by the auditors, who issued a certificate confirming the receipt of the full subscription amount and the compliance of First Paramount Modaraba with all applicable regulatory requirements. This certification was conducted in accordance with the guidelines issued by the Institute of Chartered Accountants of Pakistan (ICAP) and was intended solely for submission to CDC and PSX.

Certificate holders who opted for physical certificates can collect them from THK Associates (Private) Limited upon surrendering the original Paid Letter of Rights. The statutory auditors of First Paramount Modaraba have emphasized that this certification should not be used or quoted for any other purposes without prior consent.