Paramount Communications Limited — Others, 24-07-2025: Shareholders meeting

The company has called an Extra-Ordinary General Meeting on August 18, 2025, to seek shareholder approval for crucial financial initiatives. The Board seeks authorization to raise up to ₹135 Cr through various eligible securities to fuel business expansion, capital expenditure, and working capital needs. Shareholders will also consider a preferential issue of 50 lakh warrants, valued at ₹30 Cr, to a promoter group entity, intended to boost working capital. Additionally, the appointments of Mr. Sanjay Kumar Srivastava and Ms. Anjali Verma as independent directors are up for shareholder approval. These steps aim to strengthen the company’s financial position and governance.