⚡ Flash Summary

First Paramount Modaraba held its 26th Annual Review Meeting on October 28, 2024. The meeting addressed the review of the Modaraba’s performance based on the annual audited financial statements for the year ended June 30, 2025. Certificate holders reviewed the directors’ and auditors’ reports. M/s Crowe Hussain Chaudury & Company Chartered Accountants were re-appointed as external auditors for the year ending June 30, 2026, subject to approval by the Registrar Modaraba, SECP.

📌 Key Takeaways

• 🗓️ The 26th Annual Review Meeting was held on October 28, 2024.
• 🏢 The meeting took place at PIMA House and via Zoom Link.
• 📜 Certificate holders reviewed the performance of Modaraba.
• 📑 The review was based on annual audited financial statements for the year ended June 30, 2025.
• 👨‍💼 Directors’ and Auditors’ reports were also reviewed.
• 🧑‍💼 M/s Crowe Hussain Chaudury & Company re-appointed as external auditors.
• ✅ The appointment is for the year ending June 30, 2026.
• 👍 The appointment is subject to approval by the Registrar Modaraba, SECP.
• 💼 There was no special business discussed.
• ✔ Certified True Copy of the resolutions was issued.

🎯 Investment Thesis

A HOLD recommendation is appropriate given the limited information. Without detailed financial data, it’s impossible to determine if the company is undervalued or overvalued. Further analysis is needed based on the financial statements for the year ended June 30, 2025.