KARACHI: The modaraba certificates of First Elite Capital Modaraba, associated with Mr. Muhammad Siddiq, have been reported as lost, according to a statement from CORPTEC Associates (Pvt.) Limited. The report, dated January 20, 2025, detailed the loss of certificates belonging to Mr. Siddiq, the registered shareholder residing at 516- A, Block - 3 Gulshan-e-Iqbal, Karachi.

The loss encompasses certificates numbered from 120364 to 120372, with distinctive numbers ranging from 11248114 to 11248923, totaling 810 shares. These shares are currently marked as not verified. The incident was communicated in an official notice, emphasizing the need for stakeholders to be aware of the situation.

According to information available from the Pakistan Stock Exchange (PSX), the disclosure of such incidents is vital for maintaining transparency within the financial market. The designated market category for this announcement falls under the loss and recovery of financial instruments, which is critical for investors and traders monitoring the status of modaraba certificates.

The notification serves as a formal declaration to the market, reinforcing the importance of due diligence and verification processes within the financial community. The stakeholder community is urged to take necessary precautions and to remain vigilant in light of this development.