Paramount Communications Limited has informed the Exchange regarding Change in Director(s) of the company.
PARACABLES · price
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Awaiting price reaction for this filing.
Paramount Communications reported strong FY25 results with standalone revenue from operations rising about 49% to Rs. 1,55,665.82 lakhs vs Rs. 1,04,727.52 lakhs in FY24. Standalone profit for the year grew modestly to Rs. 8,672.03 lakhs from Rs. 8,538.67 lakhs, while consolidated profit was Rs. 8,697.00 lakhs. The Board approved the audited results with an unmodified auditor opinion from M/s P. Bholusaria & Co. On the board changes, Independent Director Mr. Narendra Kumar Goyal resigned effective May 16, 2025 citing health issues, and two new Independent Directors — Mr. Sanjay Kumar Srivastava (5-year term) and Mrs. Anjali Verma (3-year term) — were appointed effective July 1, 2025, subject to shareholder approval. The Audit Committee and Nomination & Remuneration Committee were reconstituted, and Cost, Internal, and Secretarial Auditors were re-appointed/appointed for FY26.
Strong top-line growth of around 49% YoY is positive for shareholders, though bottom-line growth was modest and EPS diluted slightly dipped due to higher share count. The board churn is routine — one ID exit due to health and two new IDs joining — and not expected to materially affect stock price.