Karachi: Paramount Investments Limited has announced a forthcoming board meeting to review and approve the audited financial statements of First Paramount Modaraba for the fiscal year that concluded on June 30, 2024. The meeting is scheduled to take place on October 3, 2024, in Karachi.
The agenda for the meeting includes the consideration of the financial outcomes of the year, as per the standard procedures outlined for corporate governance. According to information available from the Pakistan Stock Exchange (PSX), the board will also address any additional matters with the approval of the Chair during this session.
In adherence to PSX regulations, specifically Clause 5.6.4, a "Closed Period" has been declared by the Modaraba from September 25, 2024, to October 3, 2024. During this time, directors, the CEO, and executives are prohibited from dealing in the company's shares, directly or indirectly.
The management has directed that TRE Certificate Holders of the Exchange be notified of these developments to ensure compliance and transparency as mandated by market regulations.