Paramount Communications Limited has informed the Exchange regarding Appointment of Ms. Rashi Goel as Company Secretary & Compliance Officer of the company w.e.f. May 13, 2026.
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Paramount Communications Limited's board approved a preferential issue of up to 2.2 crore equity shares at Rs 42 per share (aggregating Rs 92.39 crore) to 10 non-promoter investors including Abakkus funds and other entities. Additionally, 72 lakh fully convertible warrants at Rs 42 each (aggregating Rs 30.24 crore) will be issued to promoters Sanjay Aggarwal and Sandeep Aggarwal, with 25% payable upfront and 75% on conversion within 18 months. Total fundraising is approximately Rs 122.63 crore. The company also appointed Ms. Rashi Goel as Company Secretary and Compliance Officer (KMP) effective May 13, 2026. An EGM has been scheduled for June 6, 2026 to seek shareholder approval for the preferential issue.
The preferential issuance to promoters (warrants) signals insider confidence and commitment. Post-allotment, promoter holding will decrease slightly from 49.14% to 47.01% assuming full conversion, while public holding increases. The dilution is modest but shareholders should review the pricing and allottees at the upcoming EGM.