⚡ Flash Summary

The 26th Annual Review Meeting (ARM) of First Paramount Modaraba was held on October 28, 2025, via Zoom and at PECHS Office Complex in Karachi. The meeting included a review of the Modaraba’s performance for the financial year ended June 30, 2025, and discussed ongoing challenges related to amendments in Modaraba Regulations. Management reaffirmed their commitment to regulatory compliance and outlined strategies to enhance operational efficiency and maximize certificate-holders’ value. Crowe Hussain Chaudhury & Company Chartered Accountants were re-appointed as External Auditors for the year ending June 30, 2026, subject to SECP approval.

📌 Key Takeaways

• 🗓️ The 26th Annual Review Meeting (ARM) took place on October 28, 2025.
• 💻 The meeting was conducted via Zoom and at PECHS Office Complex, Karachi.
• 📜 Management reviewed the Modaraba’s performance for the fiscal year ending June 30, 2025.
• ⚠️ Discussed challenges from amendments in Modaraba Regulations.
• 🤝 Reaffirmed commitment to compliance with regulatory requirements.
• 📈 Outlined strategies to enhance operational efficiency.
• 💎 Aims to maximize certificate-holders’ value.
• ✔️ Crowe Hussain Chaudhury & Company re-appointed as External Auditors.
• 🔒 Auditor re-appointment is subject to approval by the Registrar Modaraba, SECP.
• 🙏 The meeting concluded with a vote of thanks and Dua.

🎯 Investment Thesis

Based on the provided announcement, a HOLD recommendation is appropriate. The document primarily covers procedural aspects and intentions for compliance without offering concrete financial data to support a BUY or SELL decision. A price target and time horizon cannot be reliably established without detailed financial information. Additional financial disclosures would be necessary to inform a more definitive investment stance.