Disclosure in pursuant to Regulation 30 of SEBI (LODR) Regulation 2015.
PARACABLES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Paramount Communications Ltd's Board has approved a preferential issue of up to 2,19,97,664 equity shares at Rs. 42 per share (including Rs. 40 premium) aggregating Rs. 92.39 crore to 10 non-promoter investors including Abakkus Diversified Alpha Fund, Singularity Equity Fund, and others. Additionally, up to 72,00,000 fully convertible warrants will be issued to promoters Sanjay Aggarwal and Sandeep Aggarwal (36 lakh each) at Rs. 42 per warrant, aggregating Rs. 30.24 crore, with 25% payable upfront and balance 75% on exercise within 18 months. The issue price of Rs. 42 is marginally above the SEBI floor price of Rs. 41.68. An EGM is scheduled for June 6, 2026 for shareholder approval. Ms. Rashi Goel has been appointed as Company Secretary and Compliance Officer effective May 13, 2026.
The preferential allotment will dilute public shareholding from 50.86% to 52.99% post full conversion of warrants. Promoter holding will reduce from 49.14% to 47.01% assuming full conversion. The capital raise of approximately Rs. 122.63 crore may provide growth capital but will result in equity dilution for existing shareholders.