Paramount Communications Limited has informed the Exchange about General Updates-Appointment of Ms. Rashi Goel as Company secretary and Compliance Officer of the Company with the effect from 13.05.2026.
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Paramount Communications' Board approved a preferential issue of up to 2.2 crore equity shares at Rs. 42/share raising Rs. 92.39 crore, plus 72 lakh fully convertible warrants at Rs. 42/warrant raising Rs. 30.24 crore. The warrants, convertible within 18 months, are being issued to promoters Sanjay Aggarwal (Rs. 15.12 crore) and Sandeep Aggarwal (Rs. 15.12 crore). The equity shares go to 10 non-promoter investors including Abakkus funds and others. Post-allotment, promoter holding will dilute from 49.14% to 45.84% after equity issue but increase to 47.01% assuming full warrant conversion. An EGM is scheduled for June 6, 2026 to seek shareholder approval. Ms. Rashi Goel has been appointed as Company Secretary and Compliance Officer (KMP) effective May 13, 2026.
The preferential issue will dilute public shareholding but maintain promoter control. Promoter exercise of warrants could increase their stake to 49%. The appointment of a qualified Company Secretary strengthens compliance governance.