Paramount Communications Limited has informed the Exchange regarding Resignation of Narendra Kumar Goyal as Non- Executive Independent Director of the company w.e.f. May 16, 2025.
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Paramount Communications announced audited FY25 results showing strong growth. Standalone revenue from operations rose to Rs. 1,55,665.82 lakhs (vs Rs. 1,04,727.52 lakhs in FY24, up ~49%), and profit before tax climbed to Rs. 11,050.85 lakhs (vs Rs. 8,155.39 lakhs). Profit after tax was Rs. 8,672.03 lakhs (vs Rs. 8,538.67 lakhs), with EPS of Rs. 2.85. On the board, Independent Director Narendra Kumar Goyal resigned effective May 16, 2025 citing health issues, while two new Non-Executive Independent Directors — Sanjay Kumar Srivastava (5-year term) and Anjali Verma (3-year term) — were appointed effective July 1, 2025, subject to shareholder approval. The Audit Committee and Nomination & Remuneration Committee have been reconstituted. Cost, internal, and secretarial auditors were also appointed/re-appointed for FY26.
Strong revenue growth of nearly 49% year-on-year reflects significant business expansion, though PAT growth was modest at ~1.6% standalone, suggesting margin pressure from higher material and finance costs. The resignation of one independent director and replacement with two new ones, effective after a short gap, is a routine governance change and should not materially impact shareholders. Auditor continuity with unmodified opinions is a positive governance signal.