Paramount Communications Board Approves Preferential Issue of Equity Shares and Convertible Warrants, Schedules EGM on June 6, 2026

Paramount Communications Limited's Board of Directors, at its meeting held on May 13, 2026, approved a preferential issue of equity shares and fully convertible warrants to identified investors, subject to shareholder and regulatory approvals. The board meeting commenced at 11:45 AM and concluded at 6:00 PM. The issuance is being undertaken in accordance with the provisions of the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws.

Preferential Issue of Equity Shares

The board approved the issuance of up to 2,19,97,664 equity shares of face value Rs. 2 each at a price of Rs. 42 per share, including a premium of Rs. 40 per share, aggregating to Rs. 92,39,01,888. The issue price of Rs. 42 per equity share is not lower than the floor price of Rs. 41.68 calculated in accordance with SEBI ICDR Regulations. The equity shares are proposed to be allotted to 10 non-promoter investors on a preferential basis. The following table details the proposed allottees for the equity share issuance:

Proposed Allottee: Max. Equity Shares Max. Consideration (Rs. in Crores) Abakkus Diversified Alpha Fund 64,28,571 27.00 Abakkus Diversified Alpha Fund-2 54,76,190 23.00 Siddharth Shah 7,14,285 3.00 Singularity Equity Fund II 11,90,476 5.00 Jaideep Narendra Sampat (HUF) 15,00,000 6.30 Ankit Babel 11,90,476 5.00 Preksh Finserve Private Limited 16,66,666 7.00 Subhkam Ventures (I) Private Limited 23,81,000 10.00 Medallion Advisory LLP 5,00,000 2.10 Sharad Narayanlal Sarda 9,50,000 4.00 Total 2,19,97,664 92.40

Preferential Issue of Convertible Warrants

The board also approved the issuance of up to 72,00,000 unlisted fully convertible warrants at a price of Rs. 42 per warrant, aggregating to Rs. 30,24,00,000. Each warrant is convertible into, or exchangeable for, one fully paid-up equity share of face value Rs. 2 each, at the option of the investor, within a maximum period of 18 months from the date of allotment. An amount equivalent to 25% of the warrant issue price, i.e., Rs. 7,56,00,000, is payable at the time of subscription and allotment, while the balance 75%, i.e., Rs. 22,68,00,000, is payable upon exercise of the warrants. The warrants are proposed to be issued to two promoters, as detailed below:

Proposed Allottee: Max. Warrants Category Max. Consideration (Rs. in Crores) Sanjay Aggarwal 36,00,000 Promoter 15.12 Sandeep Aggarwal 36,00,000 Promoter 15.12 Total 72,00,000 30.24

Post-Allotment Shareholding Structure

The preferential allotment will have a bearing on the company's shareholding pattern. The following table presents the pre- and post-allotment shareholding structure as disclosed by the company:

Category: Pre-Issue Shares (as on 08.05.2026) Pre-Issue % Post Equity Allotment Shares Post Equity Allotment % Post Full Warrant Conversion Shares Post Full Conversion % Promoter & Promoter Group 15,01,12,681 49.14 15,01,12,681 45.84 15,73,12,681 47.01 Public 15,53,54,690 50.86 17,73,52,354 54.16 17,73,52,354 52.99 Total 30,54,67,371 100.00 32,74,65,035 100.00 33,46,65,035 100.00

Note: Outstanding ESOPs granted stand at 2,57,557.

EGM Scheduled for June 6, 2026

To seek shareholder approval for the above issuances, the board has convened an Extraordinary General Meeting (EGM) on June 6, 2026, at 12:30 PM (IST), to be held through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The company has fixed May 30, 2026 as the cut-off date for determining the eligibility of members entitled to vote by remote e-voting. Shareholders holding shares in dematerialized or physical form as on the close of business hours on May 30, 2026, will be eligible for remote e-voting as well as voting at the EGM. The EGM notice will be made available on the company's website and on the websites of BSE Limited and National Stock Exchange of India Limited. The board has appointed M/s Abhishek Mittal & Associates (Membership No. F7273), Practicing Company Secretary, as the Scrutineer for the e-voting process.

Appointment of Company Secretary

In a separate development, the board appointed Ms. Rashi Goel (M. No. FCS 9577) as Company Secretary and Compliance Officer (Key Managerial Personnel) of the company with effect from May 13, 2026, upon the recommendation of the Nomination and Remuneration Committee. The key details of her appointment are as follows:

Parameter: Details Name: Ms. Rashi Goel Membership No.: FCS 9577 Effective Date: May 13, 2026 Qualifications: CS (2010), B. Com (Hons.) (2009), LL.B. (2022) Total Experience: 15 years Areas of Expertise: Corporate Laws, Corporate Governance, Capital Markets & Regulations, Investor Relations, Regulatory Reporting, Compliance

Paramount Communications Limited has made significant regulatory filings, including an annual promoter encumbrance disclosure and a senior management retirement announcement, demonstrating its commitment to regulatory compliance and transparency.

Annual Promoter Encumbrance Disclosure

The company has filed its annual disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming that promoters have not encumbered any shares during the financial year ended March 31, 2026. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited on April 03, 2026.

Filing Details: Information Regulation: SEBI SAST Regulation 31(4) Financial Year: Ended March 31, 2026 Filing Date: April 03, 2026 Promoter Signatory: Sanjay Aggarwal (DIN: 00001788) CFO Signatory: Shambhu Kumar Agarwal Digital Signature Time: 12:01:39 +05'30'

Promoter Sanjay Aggarwal, with DIN 00001788 and address at C-9, Anand Niketan, New Delhi-110021, formally declared that promoters and persons acting in concert have not made any encumbrance over shares held directly or indirectly during the specified period.

Senior Management Transition

The company has also announced the retirement of Mr. Rajeev Kumar Gupta, who served as Vice President-Marketing and was part of the Senior Management Personnel. His retirement became effective from the close of business hours on April 30, 2026.

Management Change: Details Name: Rajeev Kumar Gupta Position: Vice President-Marketing Reason for Change: Cessation due to Retirement Effective Date: Closing business hour of April 30, 2026 Status: Senior Management Personnel

Regulatory Compliance Framework

Both announcements demonstrate the company's adherence to SEBI regulations. The promoter encumbrance disclosure ensures transparency regarding share pledging activities, while the management change notification complies with Regulation 30 of SEBI LODR requirements. Chief Financial Officer Shambhu Kumar Agarwal digitally signed both filings, maintaining proper corporate governance protocols.

The filings were addressed to both major stock exchanges - BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai and National Stock Exchange of India Limited at Exchange Plaza, Bandra-Kurla Complex, ensuring comprehensive market disclosure.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.

We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.

Disclaimer:

The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.

This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.

The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.

We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.

This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.

By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.

We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.