Paramount Communications Limited has informed the Exchange about retirement of Non Executive Independent Director of the Company upon completion of her term of appointment
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Mrs. Praveena Kala (DIN: 08765830), a Non-Executive Independent Director of Paramount Communications Limited, completed her term and ceased to be a director of the company effective close of business hours on July 13, 2025. The board recorded its appreciation for her contributions during her tenure. The company has updated the composition of its board committees (Audit, Nomination & Remuneration, and Stakeholders Relationship) effective July 14, 2025. This is a scheduled end of a director's appointment term, not a mid-tenure resignation. Paramount Communications is a wires and cables manufacturer.
This is a routine, planned end of tenure with no material impact on the company's operations or shareholders. The board may need to appoint a new independent director to meet minimum board composition requirements under SEBI rules.