Paramount Communications Limited (PARACABLES) — Corporate Action

📢 Key Event
In-principle approval granted for preferential issue of equity shares and warrants

🔄 What Changed
Approval received for 2,19,97,664 shares at ₹42 and 72,00,000 warrants; filing deadline set for 20 days post-allotment

🔮 What's Next
Company must file listing application within 20 days of allotment and obtain statutory approvals

💡 Investor Takeaway
The company plans a preferential share and warrant issue that could dilute existing shareholders if not fully subscribed.

Paramount Communications announced it received in-principle approval from BSE and NSE to issue 2,19,97,664 equity shares at ₹42 each and 72,00,000 convertible warrants on a preferential basis to non-promoters and promoters respectively. The approvals are subject to statutory compliance, listing application filing within 20 days of allotment, and internal control requirements. The company must secure regulatory clearances and submit documentation to both exchanges before proceeding with the issue.

📄 View Original Announcement (PDF)

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