Paramount Communications Limited has informed the Exchange about change in Management
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Paramount Communications Limited informed the exchanges that Mrs. Praveena Kala, a Non-Executive Independent Director on the board, has completed her tenure and ceased to be a director effective from the close of business hours on July 13, 2025. The company expressed appreciation for her contributions during her term. The filing includes the updated composition of board committees — Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee — effective July 14, 2025, with other members continuing in their roles. No replacement appointment has been announced in this filing. The disclosure was made under SEBI Listing Regulations and includes the required regulatory annexure.
This is a routine end-of-tenure event for a single independent director with no governance concerns flagged. Short-term impact on the stock is expected to be minimal, though investors may watch for timely appointment of a new independent director to maintain board composition requirements under SEBI rules.