Paramount Communications Limited has informed the Exchange about issue of Securities-Preferential Issue

Paramount Communications' board has approved a preferential issue of up to 2.20 crore equity shares at Rs. 42 per share (raising Rs. 92.39 crore) to 10 non-promoter investors, and 72 lakh fully convertible warrants at Rs. 42 each (raising Rs. 30.24 crore) to promoters Sanjay Aggarwal and Sandeep Aggarwal. The equity issue price of Rs. 42 is slightly above the SEBI-calculated floor price of Rs. 41.68. Key allottees include Abakkus Diversified Alpha Fund (Rs. 27 crore) and Abakkus Diversified Alpha Fund-2 (Rs. 23 crore). Warrants are convertible within 18 months with 25% paid upfront and 75% on exercise. Post-allotment, public shareholding will increase from 50.86% to 54.16%, with promoter holding reducing from 49.14% to 45.84% (47.01% assuming full warrant conversion). An EGM is scheduled for June 6, 2026 for shareholder approval.