Paramount Communications Limited has informed the Exchange regarding Board meeting held on July 21, 2025.
PARACABLES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Paramount Communications' board, at its meeting on July 21, 2025, approved two fundraising plans. First, the company will issue Foreign Currency Convertible Bonds (FCCBs) of up to Rs. 135 crores, in one or more tranches, through permissible modes. Second, it will issue up to 50 lakh convertible warrants on a preferential basis to promoter group entity Hertz Electricals (International) Private Limited at Rs. 60 per warrant. Each warrant converts into one equity share within 18 months, with 25% payable upfront and 75% on conversion. The company has called an Extra Ordinary General Meeting on August 18, 2025 to seek shareholder approval for these proposals.
Promoter group committing additional capital is a positive confidence signal, but the combined FCCB and warrant issuance could lead to equity dilution upon conversion and adds foreign exchange exposure. Shareholders will vote on these proposals at the EGM on August 18, 2025.