Paramount Communications Limited has informed the Exchange regarding 'Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers)Regulations, 2011 and Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015'.
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Paramount Communications' two promoter-directors, Sanjay Aggarwal (Whole Time Director) and Sandeep Aggarwal (Managing Director), each bought 75,000 equity shares (150,000 total) from the open market on NSE on December 29, 2025. The aggregate promoter group holding rose from 49.07% to 49.12% of the company's equity share capital. The transactions were executed at average prices of roughly Rs 40.27 (Sanjay) and Rs 39.83 (Sandeep) per share. The promoter group remains just below the 50% mark after this small incremental purchase.
This is a small but confidence-signalling buy by the promoters, indicating they believe the stock is fairly or undervalued. Since the promoter holding is now at 49.12%, any further purchases could trigger concerns about creeping acquisition and the 50% takeover threshold, but the current increase is too small to materially affect shareholding dynamics.