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'.
PARACABLES · price
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On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.5 pts more than its Cables - Electricals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoters Sanjay Aggarwal (Whole Time Director) and Sandeep Aggarwal (Managing Director) bought equity shares of Paramount Communications in the open market on March 17, 2026. Sanjay Aggarwal purchased 15,276 shares for about Rs. 5.08 lakh, and Sandeep Aggarwal purchased 18,104 shares for about Rs. 6.02 lakh, all executed on the NSE. After these purchases, the combined promoter group holding rose from 49.16% to 49.18% of the company's paid-up equity capital. The total equity capital remains 30,52,09,814 shares of Rs. 2 face value.
This is a small open-market purchase by the promoters, indicating their continued confidence in the company, though the increase in stake is marginal (0.02%). The promoter group holding remains just under the 50% mark, which is worth monitoring as further buying could trigger additional takeover regulation disclosures.