Pursuant to Regulation 30 of SEBI LODR Regulation 2015 -Appointment of Ms. Rashi Goel as Company Secretary and Compliance Officer (KEY Managerial Personnel) of the Company with effect ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Paramount Communications' Board approved a preferential issue of up to 2.2 crore equity shares at Rs. 42 per share (Rs. 92.39 crore) to 10 non-promoter investors including Abakkus funds, Siddharth Shah, and several LLPs/Funds. Additionally, 72 lakh fully convertible warrants at Rs. 42 each (Rs. 30.24 crore) will be issued to promoters Sanjay Aggarwal (36 lakh) and Sandeep Aggarwal (36 lakh), with 25% payable upfront and 75% on conversion within 18 months. An EGM is scheduled for June 6, 2026 to seek shareholder approval. Ms. Rashi Goel was appointed as Company Secretary and Compliance Officer effective May 13, 2026. Post-allotment, promoter holding will dilute from 49.14% to 47.01% (assuming full warrant conversion).
The preferential issue brings Rs. 122.63 crore capital to the company but dilutes existing shareholders. The promoter warrant subscription signals insider confidence but will increase promoter stake upon conversion. The appointment of a qualified Company Secretary strengthens compliance governance.