Paramount Communications Limited has informed the Exchange about General UpdatesPursuant to Regulation 30 of SEBI (LODR) Ms. Malini Gupta Non-Executive Independent Director has completed her second and Final Term on closing hours of 31st March,2025.
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Ms. Malini Gupta (DIN: 03464410), Non-Executive Independent Director of Paramount Communications Limited, completed her second and final term as an Independent Director and ceased to hold the position from the close of business hours on March 31, 2025. This was a natural end of her tenure, not a resignation, and the Board expressed appreciation for her contribution. Following her exit, the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee have been reconstituted with effect from April 1, 2025. No replacement appointment has been disclosed in this filing.
This is a routine end-of-tenure event with no negative governance implications. The Board remains compliant with independent director requirements, and the company will need to appoint a new independent director in due course to fill the vacancy. No material impact on stock price is expected.