Paramount Communications to Raise Capital via Warrants and FCCB

Paramount Communications' Board has approved a capital raise plan, including the issuance of foreign currency convertible bonds (FCCB) up to an amount not exceeding INR 135 crores. The company also plans a preferential allotment of up to 50,00,000 convertible warrants to the Promoter Group at INR 60 per warrant. The warrants are convertible into equity shares and can be exercised within eighteen months from allotment.

An Extra Ordinary General Meeting (EGM) is scheduled for August 18, 2025, to seek shareholder approval for these proposals. Mr. Abhishek Mittal has been appointed as the Scrutinizer for the e-voting process, with August 11, 2025, set as the cut-off date for eligibility to vote. The meeting commenced at 11:30 A.M. and concluded at 01:18 P.M.