Paramount Communications Limited has informed the Exchange regarding Change in Director(s) of the company.
PARACABLES · price
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Paramount Communications Limited has informed the exchanges that Mr. Narendra Kumar Goyal (DIN: 01963727), a Non-Executive Independent Director, has resigned from the Board with effect from the close of business hours on 16th May 2025. Mr. Goyal cited personal health issues and the need to reduce his professional commitments as the reason for his departure. He will also cease to be a member of the Nomination and Remuneration Committee. He has confirmed there are no other material reasons for his resignation. The company has not yet announced a replacement independent director, and the formal resignation letter has been enclosed with the filing.
This is a routine, health-driven exit of a single independent director and is unlikely to materially affect the stock price. However, the company will need to appoint a new independent director within the timelines prescribed by SEBI to maintain compliance with the minimum number of independent directors required on the board.