Paramount Communications Limited (PARACABLES) — Board Meeting

📢 Key Event
EGM approved preferential issuance of equity shares and convertible warrants.

🔄 What Changed
Approved two special resolutions for preferential share and warrant issuance.

💡 Investor Takeaway
Shareholders approved capital-raising measures that may dilute existing holdings.

Paramount Communications held its Extraordinary General Meeting on 06 June 2026 via video conference, approving two special resolutions: the issuance of equity shares on a preferential basis and unlisted convertible warrants on a preferential basis. Remote e-voting was open from 03 to 05 June 2026, with 16,61,84,282 total votes cast across both resolutions, achieving 100% approval for the equity issuance and 99.78% for the warrants. Shareholder attendance was minimal, with 98 members participating, including 14 promoters and 82 public shareholders. The meeting complied with SEBI and Companies Act requirements, and the scrutinizer's report confirmed valid voting outcomes.

📄 View Original Announcement (PDF)

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