Paramount Communications Board Approves Rs 122.63 Cr Preferential Issue, EGM Set for June 6

Paramount Communications Limited's Board of Directors approved a preferential issue of equity shares and fully convertible warrants to raise Rs 122.63 crore. The issuance is subject to shareholder and regulatory approvals, with an Extraordinary General Meeting (EGM) scheduled for June 6, 2026, at 12:30 P.M. via Video Conferencing. In compliance with Regulation 30 and 47 of SEBI (Listing and Disclosure Requirements) Regulations, 2015, the company published the EGM notice in Financial Express and Jansatta on May 16, 2026.

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. The total consideration for the equity shares aggregates to Rs. 92,39,01,888. The issue price is not lower than the floor price of Rs. 41.68 calculated in accordance with SEBI ICDR Regulations. The shares are proposed to be allotted to 10 non-promoter investors.

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 one fully paid-up equity share of face value Rs. 2 each within 18 months from the date of allotment. An amount equivalent to 25% of the warrant issue price, i.e., Rs. 10.50 per warrant, is payable at the time of subscription, while the balance 75% is payable upon exercise of the warrants. The warrants are proposed to be issued to two promoters.

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 alter the company's shareholding pattern. The table below presents the pre- and post-allotment structure:

Category: Pre-Issue Shares Pre-Issue % Post Equity Allotment Shares Post Equity Allotment % Post Full 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 Details and Appointments

The EGM will be held on June 6, 2026, at 12:30 P.M. via Video Conferencing, with the company's registered office at KH-433, Maulana Avenue, Westend Greens, Rangpuri, New Delhi-110037 serving as the venue for the purpose of the meeting. The meeting will seek shareholder approval for the issuance of securities on a preferential basis, including the issuance of unlisted convertible warrants, in accordance with applicable provisions of law, rules, and regulations. The record date for determining eligibility for e-voting is May 30, 2026, and M/s Abhishek Mittal & Associates has been appointed as the Scrutineer for the e-voting process. Additionally, the board appointed Ms. Rashi Goel as Company Secretary and Compliance Officer effective May 13, 2026.

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.

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