Karachi: In a recent transaction disclosed by First Paramount Modaraba, a substantial certificate holder has executed a significant sell-off of shares. According to a report dated August 3, 2026, Asif Nathani, identified as a substantial certificate holder, sold 83,667 shares on July 31, 2026. The shares were sold at an average price of 12.55 per share.

According to information available from the Pakistan Stock Exchange (PSX), this transaction has brought the cumulative number of shares held by Mr. Nathani to 1,316,333, which corresponds to a cumulative percentage of 9.55%. The transaction, categorized under the 'Ready' market, is set to be presented at the upcoming board meeting of First Paramount Modaraba. During this meeting, any instances of non-compliance with the PSX regulations will be duly highlighted and considered.

The company has confirmed its commitment to adhere to clause No. 5.6.1.(d) of the PSX regulations, ensuring transparency and compliance with the disclosure requirements for substantial shareholders. This transaction is classified as a very large or significant move due to its impact on the shareholder's cumulative percentage.