Karachi: First Paramount Modaraba has been officially declared as a Central Depository System (CDS) eligible security, marking a significant development for the company and its stakeholders. The declaration, effective from Thursday, August 13, 2026, follows the company's Right Issue, according to a notice enclosed with a Central Depository Company (CDC) letter dated August 12, 2026.

The announcement pertains to the Right Entitlements of First Paramount Modaraba, which have been recognized as eligible securities under Regulation 8AA.2.2 of the Central Depository Company of Pakistan Limited Regulations. This recognition allows the Modaraba Certificates of First Paramount Modaraba to be included in the Central Depository System, thereby streamlining processes for stakeholders and facilitating smoother transactions.

According to information available from the Pakistan Stock Exchange (PSX), the inclusion of these Right Entitlements as CDS eligible securities is a strategic move to enhance the accessibility and manageability of the securities for existing holders. The Modaraba Certificates, managed by the company, will now adhere to the Central Depository System requirements, ensuring compliance with the established regulations.

The company is required to fulfill all procedural requirements as outlined by the CDC to ensure the seamless induction of these rights into the CDS. This development is anticipated to provide a more efficient platform for managing securities and could potentially influence the market dynamics for First Paramount Modaraba. The designated market category remains unchanged as the company continues its operations under the existing structure.