First Paramount Modaraba Rights Issue Scheduled on PSX

Karachi: The Central Depository Company of Pakistan Limited has released the schedule for handling the unpaid rights of First Paramount Modaraba, as outlined in a report dated August 19, 2026. The unpaid rights will be processed in the Central Depository System (CDS) according to the specified timeline.

According to the schedule, the book closure dates for the rights issue were set for August 17, 2026. The rights are being offered at a ratio of 50%, with the security name designated as First Paramount Modaraba - LoR (FPRMR2) and the International Securities Identification Number (ISIN) PK0072203034.

The designated banker for the right issue is Meezan Bank Limited, which will handle physical applications at all its branches. Online payment instructions are available in the attached guidelines provided by the Central Depository Company of Pakistan Limited.

The trading of the unpaid rights on the stock exchange commenced on July 19, 2026. According to information available from the Pakistan Stock Exchange (PSX), the last date for initiating deposit requests is set for August 21, 2026. The trading will conclude on September 2, 2026, followed by the final date for pledge requests and movement of securities on September 4, 2026.

The subscription requests and payments, along with the pledge release and pledge calls, must be completed by September 9, 2026. The tentative date for crediting shares against paid rights is scheduled for September 23, 2026.

These dates are based on the right issue schedule announced by the Pakistan Stock Exchange, referenced in a letter dated August 13, 2026. The handling of these financial activities falls under the designated market category of the Pakistan Stock Exchange.