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PARACABLES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Paramount Communications Limited has called an EGM on June 6, 2026 to seek shareholder approval for two preferential issuances. First, issuance of up to 2.20 crore equity shares at Rs. 42 per share (face value Rs. 2, premium Rs. 40) to raise Rs. 92.39 crore from 10 non-promoter allottees including Abakkus Diversified Alpha Fund (Rs. 27 crore), Abakkus Diversified Alpha Fund-2 (Rs. 23 crore), Subhkam Ventures (Rs. 10 crore), and others. Second, issuance of up to 72 lakh unlisted convertible warrants at Rs. 42 each to raise Rs. 30.24 crore, with promoters Sanjay Aggarwal and Sandeep Aggarwal each receiving 36 lakh warrants (Rs. 15.12 crore each). Warrants are exercisable within 18 months at Rs. 42 per share. Total fund raise is approximately Rs. 122.63 crore.
This preferential issue will dilute existing shareholders but brings significant capital (Rs. 122.63 crore) to fund company growth. The warrant issuance increases promoter stake, which could be positive for alignment of interests. Voting cutoff date is May 30, 2026 with e-voting from June 3-5, 2026.